The world’s largest FSRU began commercial operations in Hong Kong
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
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
