The typhoon, one of the biggest to threaten the South China
coast in years, looked set to make landfall on Saturday east of Hong Kong after wreaking havoc across the northern Philippines.

Hong Kong’s main oil products terminals and the ports of
Shenzhen and Zhuhai were closed early Thursday, shipping
sources said.
“At 6:00 a.m. (2200 GMT) this morning, they shut the five
product terminals at Tsing Yi,” an agent with shipping and
logistics firm GAC said from Hong Kong. “Tankers are leaving
and going for anchorage.”
Other ports along the projected path of Typhoon Megi were
expected to shut down within hours.

The port closures come a day after oil companies evacuated
their crews and oil storage vessels along the eastern coast of
the South China Sea, which produces around a quarter of China’s offshore production, or some 126,000 barrels per day (bpd) of oil equivalent.

Tropical Storm Risk predicted the storm would weaken and make landfall between Hong Kong and Zhangzhou, to the east of the former British colony.
Oil firms operating at Hong Kong’s Tsing Yi Island, with
total storage capacity of around 369,000 cubic metres or 2.5
million barrels, include Sinopec, ExxonMobil,
Chevron and Royal Dutch Shell.
Although loading of marine fuel from Hong Kong’s terminals
have stopped, some suppliers are providing bunker fuel to
vessels from their barges at the more sheltered South Lamma
Anchorage area.
Normal operations at the oil products terminals could
resume as early as Saturday if the damage from the typhoon is minimal, traders said.
At Shenzhen, China’s CNOOC Ltd and British-based oil giant BP (BP.L: Quote) have liquefied natural gas operations totalling around 3.7 million tonnes a year.