CONFIDENTIAL
機密
:
- 7
XCC(80)82
public is unlikely to object to the scheme except inasfar as it leads
to increased electricity bills. There should be no major public
relations problems so long as storage tankers are not moored in Hong
Kong waters.
18.
Publicity will explain that it seems prudent to set up a stock: of fuel oil in view of the continuing uncertainty of the Middle East situation and the fact that China could not supply us with enough fuel oil in an emergency. Because of current particular circumstances of the relative cheapness and availability of both spot cargoes and VLCC's the use of tankers, particularly a VLCC, seems the most practical method. It could be mentioned that the Japanese Government already
use about twenty VLCC's for this purpose.
Oil Policy Committee
19.
The Oil Policy Committee has been consulted and is in favour of pursuing further the use of tankers as a means of keeping
strategic stocks of fuel oil until such time as additional facilities
at the new power stations make this unnecessary.
The Committee
advised that the first option to be pursued should be the mooring of a VLCC outside Hong Kong waters.
Advice Sought
20.
Members are asked to advise whether
(a) Hong Kong should in principle use tanker storage
to add 30 days to its strategic reserves of fuel
oil for a minimum of one year and a maximum of
two years, the situation being reviewed at the end of 1981;
C.S. 166
CONFIDENTIAL #
/(b) the
No comments yet.
Private notes are available after approval.