Hong Kong
BP has had an office in Hong Kong since 1983. It is the regional centre for Aromatics and Acetyls as well as Treasury with representatives from Exploration and Production and Gas (Upstream), Refining and Marketing (Downstream) and various Functions
Hong Kong is at the hub of BP’s expanding Asia operations, serving as the regional center for the Aromatics and Acetyls Strategic Performance Unit. Taking advantage of Hong Kong being a regional financial centre, the BP Treasury team for Asia Pacific is also based here. In addition several of the exploration, refining and marketing, lubricants and marine businesses operating in the region are represented in Hong Kong, as are the financial, legal, communications and human resource teams which support these activities.
BP employs 111 employees in Hong Kong, 96 of whom are local with 9 are currently posted outside Hong Kong.
We operate under both the BP and Castrol brands in the region.
BP does not operate a retail network in Hong Kong, but supplies gas to Hong Kong along a 778-kilometre pipeline from its Yacheng gas field - the largest offshore natural gas field in China - some 90 kms southwest of Hainan Island. The company is also a partner in a liquefied natural gas (LNG) terminal in Guangdong, which has supplied gas to Hong Kong since its completion in 2006.
BP employs 111 employees in Hong Kong, 96 of whom are local with 9 are currently posted outside Hong Kong.
We operate under both the BP and Castrol brands in the region.
BP does not operate a retail network in Hong Kong, but supplies gas to Hong Kong along a 778-kilometre pipeline from its Yacheng gas field - the largest offshore natural gas field in China - some 90 kms southwest of Hainan Island. The company is also a partner in a liquefied natural gas (LNG) terminal in Guangdong, which has supplied gas to Hong Kong since its completion in 2006.
BP is building world scale petrochemicals sites in China, and with its partners expects to create a retail network of 1,500 fuel stations. BP is supporting the development of China’s natural gas resources and is developing the liquefied natural gas (LNG), liquefied petroleum gas (LPG) and natural gas infrastructure to provide cleaner energy to expanding markets in the south and east of China.
BP and its partners in Indonesia’s Tangguh natural gas project signed an agreement in September 2002 to supply liquefied natural gas (LNG) to China’s Fujian LNG terminal. The agreement sees BP in all three legs of China’s LNG strategy. In August 2002, China selected Australia’s North West Shelf consortium - in which BP is an equal (16.7 per cent) shareholder - to supply 3.7 million tonnes of LNG a year to China’s first LNG terminal in Guangdong Province. BP was also chosen in 2001 as China’s sole foreign partner in the construction of the Guangdong LNG terminal and pipeline, which accesses a market that has grown rapidly since the Guangdong terminal commenced operation in 2006.
BP is also engaged in a range of business activities in other Asian countries – Indonesia, Vietnam, Thailand, Malaysia, Singapore, Japan and Korea. One of the most significant of these projects is the commercialization of the vast Tangguh gas fields in the remote Indonesian province of Papua where more than 14.4 trillion cubic feet of gas has been discovered.
This project also serves as an example of how BP works in partnership with local communities to manage environmental and social issues consistent with the Group’s strong belief that a good business should be both competitively successful and a force for good.
