Hong Kong looks to LNG to cut emissions
The special administrative region has introduced the fuel as part of its drive for carbon neutrality, but it will take years for imports to ramp up
Hong Kong finally started importing LNG this summer, in a move expected to play a key role in reducing the carbon footprint of the Asian financial centre by displacing coal in power generation. This development also grants local gas users the flexibility to tap the global LNG market. But the city will likely need years to ramp up imports, meaning low terminal utilisation levels and only a modest initial impact on the Asian market. The world’s largest FSRU began commercial operations in Hong Kong in July after the city imported its first LNG cargo under a long-term contract with portfolio supplier Shell. Hong Kong LNG Terminal—a joint venture between local power utilities CLP Power Hong Kong
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised