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Hong-Kong energy report

This analysis includes a comprehensive Hong-Kong energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2018 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Hong-Kong energy report
Update: 
September 2020
Format: 

2 files (PDF report, Excel file)

Pages: 
26 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 590 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 2 files by email (one pdf report and one excel file containing the datasets).

 

Highlights

  • The energy sector is fully privatised.
  • The country targets a 40% energy intensity reduction in 2025 compared to 2005.
  • CLP Holdings is the main electric utility.
  • Gas supply is monopolised by Hong Kong & China Gas.
  • Hong Kong is dependent on energy imports, mostly from China. Its power generation is 99% thermal.
  • Energy prices are much higher than in China.
  • The services sector consumes two thirds of electricity.
  • As part of its Climate Action Plan 2030+, the country will gradually phase out coal-fired power by 2030 and shift to natural gas and renewables.
  • MHPS is constructing two new CCGT units for the Lamma power station.

67%

share of services in power consumption in 2019

100%

share of thermal in the power mix in 2019

100%

oil and gas imports from China

Abstract

  • Institutions & Energy Policy

    The Government does not have a specific entity to control the energy sector. The responsibility for the regulation of the electricity and gas sectors is shared between several departments: the Commerce and Economic Development Bureau, the Electrical and Mechanical Services Department (and in particular the Gas Standards Office), the Treasury, and the Environmental Protection Department.

  • Energy Companies

    Oil:

    The oil sector is made up of local companies that are mainly present in Southeast Asia. The main one, SS United Group Oil & Gas Company Limited (UEG), is a trading company that sells oil products in China, Russia, Japan, Thailand, and Malaysia. The group also has production infrastructures in Pakistan, the Middle East, and North Africa.

  • Energy Supply

    Gas:

    All the gas is imported by pipe from mainland China. Imports started in 1996, supplied from the LNG terminal of Shenzhen to fuel the two combined-cycle units at the Lamma power plant.

  • Energy Prices

    Oil:

    Gasoline and diesel prices have been increasing since 2016 to reach US$2.16/l and US$1.96/l in 2019, respectively. Prices are considerably higher than those registered in China in 2019 (US$1.05/l for gasoline and US$0.87/l for diesel).

    Graph: GASOLINE & DIESEL PRICES (US$/l)

  • Energy Consumption

    Total per capita energy consumption is about 1.9 toe (2019). Per capita electricity consumption is about 5 990 kWh.

    Total energy consumption has been relatively stable since 2007, at around 14 Mtoe.

  • Issues & Prospects

    Electricity:

    The country's priority is to develop renewables. The ENB estimates that Hong Kong only has an achievable potential of 3-4% of total electricity consumed from wind, solar and waste-to-energy sources until 2030.

Table of Contents

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

List of Graphs

Below is a list of the Hong-Kong energy market report graphs:

  • GRAPH 1: CO2-energy Emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2019, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2019, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and householeds (US$c/kWh)
  • GRAPH 7: Gas prices for industry and households (€c/ kWh GCV)
  • GRAPH 8: Consumption trends by energy source (Mtoe)
  • GRAPH 9: Total consumption market share by energy (2019, %)
  • GRAPH 10: Final consumption market share by sector (2019, %)

List of Tables

In the Hong-Kong energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The Hong-Kong energy market data since 1990 and up to 2018 is included in the Excel file accompanying the Hong-Kong country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Hong-Kong Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Hong-Kong energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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