A fire and subsequent explosion at the second-phase expansion of China’s flagship Deep Sea No. 1 gas field in the South China Sea has forced an operational shutdown, potentially disrupting supplies to Hong Kong and the industrial heartland of southern Guangdong province.
Fire at China’s Flagship Deepwater Gas Hub Threatens Supplies
CNOOC Ltd. may be forced to seek emergency spot LNG purchases to mitigate supply shortfalls to two of China’s most economically vital and energy-hungry regions.
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