67%
share of services in power consumption in 2019
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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.
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Highlights
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
Electricity:
Power prices remained stable until 2018 for all sectors until they dropped by 20% in 2019 for households to US$13.4c/kWh. The price in 2019 for industry is rather stable (US$16.1c/kWh in 2019). Power prices are also considerably higher than those registered in China in 2019, which were at US$9.64c/kWh for industry and US$7.9c/kWh for households.
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.
Below is a list of the Hong-Kong energy market report graphs:
In the Hong-Kong energy market report you will find the following tables:
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:
The Hong-Kong country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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