2019
The main reduction would come from projects in Hong Kong:
Crucial to enhancing the diversity and security of natural gas supply, CLP is now preparing for the construction of an offshore liquefied natural gas (LNG) terminal that will provide a long-term alternative source of gas to meet increased demand. The Government of Hong Kong has approved the Environmental Impact Assessment of the project and granted an environmental permit in October 2018. Progress has also been made in finalising the contractual arrangements for the supply of LNG and the chartering of the Floating Storage and Regasification Unit (FSRU) vessel for the project, which is expected to complete construction before the end of 2021.
The Clean Energy Transmission System connecting the CLP grid to Guangdong is planned to be strengthened by 2025, enhancing the accessibility to clean energy resources to help reduce fossil fuels use in Hong Kong.