HK's 1st offshore LNG import terminal to begins ops mid-2023
HK's 1st offshore LNG import terminal to begins ops mid-2023
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Natural Gas News
HK's 1st offshore LNG import terminal to begins ops mid-2023
Summary
The terminal is being developed by CLP Power and HK Electric. [Image: CLP Power/HK Electric] by: Shardul Sharma
Hong Kong’s first offshore LNG import terminal will go into operation in mid-2023, CLP Power and HK Electric, who are jointly developing the project, said on April 18. The companies said that a floating storage and regasif...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.