Energy & Offshore
Towngas Smart Energy Posts $1.58B 2025 Profit as Gas Sales Climb
Towngas Smart Energy Posts $1.58B 2025 Profit as Gas Sales Climb
Rising industrial and commercial gas demand drove higher profits.
Hong Kong moves to secure fuel supply amid oil disruption
Authorities step up pricing oversight and contingency plans.
HK Electric profit up to $3.15b in 2025 as supply reliability remains high
The 2025 results show under 30 seconds of unplanned downtime per customer as gas output hits 69%.
Towngas fuels Hong Kong’s first 200-tonne ‘SIMOPS’ bunkering
COSCO vessel bunkered certified green methanol during cargo operations at Kwai Tsing.
Concord New Energy's February output drops 8.28% YoY
Attributable solar output fell 22.34% to 69.68 GWh.
Government to launch new hydrogen certification system
It will align the region with Mainland China and international markets.
Fragmented rules threaten Hong Kong’s decarbonisation drive
Experts say Hong Kong must streamline permitting to stay competitive.
Gov’t sets up platform for green maritime fuel bunkering
It aims to gather key stakeholders for fuel supply chain talks.
CLP Power, HK electric to cut net tariffs in 2026
A household with a monthly consumption of 275kWh will pay around $10 less each month.
Mandatory energy labelling scheme takes effect
This will encourage suppliers to introduce more energy-efficient models.
HKUST, French companies ink MoU on low-carbon retrofit pilot project
The pilot will retrofit an existing HKUST building to improve energy efficiency.
Towngas Smart Energy lifts profit 2% in first half
The renewable energy segment saw a 5% rise in net profit to $172m.
Double-sided panels could lift Hong Kong’s solar output
Highly reflective, self-cooling paints could further raise energy yields by 30%.
Towngas and CIMC ENRIC jointly develop green methanol and hydrogen energy
Corporation promotes carbon neutrality goal.
Towngas and HKSTP to establish hydrogen charging system for EVs
Five hydrogen electric vehicle charging stations will open in Q2 2026.
Towngas and Foran Energy form JV to boost green methanol production
Each party holds a 50% equity stake.
Gov’t approves eight hydrogen fuel trial projects
These will help power electric vehicles.
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