Towngas Natural Gas Receiving Station kick-starts in Tai Po bringing customers about 12% savings on gas bills

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(Hong Kong, 16 November 2006) Dr. Lee Shau Kee, Chairman of The Hong Kong and China Gas Company Limited (Towngas) and Mr. Alfred Chan, Managing Director of Towngas today invited The Honourable Donald Tsang, GBM, Chief Executive of the HKSAR and Mr. Stephen Ip, GBS, Secretary for Economic Development and Labour to officiate the opening of the Towngas Natural Gas Receiving Station.

"Our success in introducing natural gas to produce town gas is the result of years of hard work," said Dr. Lee Shau Kee, Chairman of Towngas. "We started discussions with Guangdong Dapeng LNG Company Limited since year 2000, and subsequently won over an annual quota of 330,000 tonnes of natural gas. In 2003, we signed a 25-year contract with an Australian natural gas supplier to ensure a secure, long-term supply of natural gas."

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