Steeper prices ahead after Qatar gas supply cut off, HK Electric tells customers

AI Summary

Hong Kong's electricity provider HK Electric reports steeper prices due to an ongoing gas supply cut from Qatar following Iranian strikes on production facilities. The disruption has significantly impacted gas supply to the Lamma Island power plant since March.

Customers with one of Hong Kong’s top energy firms have been forced to bear the brunt of steeper supply costs after the conflict in the Middle East cut off gas from Qatar earlier this year, the company’s CEO has said. HK Electric’s Francis Cheng Cho-ying said on Sunday that the firm had not received any gas from Qatar since March, after Iranian strikes damaged production facilities that accounted for a significant portion of the contracted gas supply for the Lamma Island power plant. The company...