GasGreater China

CLP Power plans Hong Kong’s first floating LNG terminal

Hong Kong power company CLP Power is aiming to start the construction of the city’s first floating LNG terminal by the end of this year.

The company’s chief executive Richard Lancaster said in a media briefing that the company is still working on final permits and approvals.

“In the meantime we are getting on with the design works and gearing up for the awarding contract aspects,” Lancaster said.

The company initiated the idea of building a floating LNG receiving terminal off Hong Kong’s Soko Islands in 2016, and the project received an environmental permit in October last year, however, the final investment decision has yet to be taken.

Hong Kong is aiming to double the use of natural gas from 22% percent in 2012 to about 50% by 2020, as part of its grand plan to switch to cleaner fuel.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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