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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
