Advertisement
Advertisement
Hong Kong & China Gas
TOPIC
 / company

Hong Kong & China Gas

Hong Kong & China Gas
Hong Kong & China Gas
Founded in 1862, Hong Kong and China Gas Co (Towngas) is a utility that distributes gas and sells related appliances. Towngas mainly serves the needs of domestic, commercial and industrial customers for cooking, heating water and other purposes. The company also has operations in China.
Customers at a bar in Lan Kwai Fong. Consuming two standard drinks can raise a person’s breath alcohol concentration to near the legal limit. Photo: Sam Tsang
Education in Hong Kong

AI app to detect drunk drivers through Cantonese speech analysis in the works

Hong Kong Metropolitan University to develop app that allows users to assess alcohol’s effects in real time to determine whether they are fit to drive.

Banking & finance

Hong Kong tycoon-backed start-up raises US$300 million to scale battery push

Banking & finance

Hong Kong moves from theory to practice with real-value tokenised money, asset deals

2025 National Games

Hong Kong business chiefs, community gear up for National Games torch relay

Athletes such as fencer Kaylin Hsieh and businessmen like Sino Land chairman Daryl Ng and Henderson Land chairman Martin Lee are on list.

(From left) Chief Transport Officer Marie Sin, National Games Coordination Office Hong Kong head Yeung Tak-keung and Superintendent Aubrey Siu of the police force. Photo: Jonathan Wong
Business of climate change

EcoCeres backs green aviation fuel hub for Hong Kong ‘depending on conditions’

Chief executive says a ‘clear and stable local market’ is a key prerequisite for green aviation fuel hub ambitions.

Electric & new energy vehicles

Towngas to build hydrogen-powered EV stations amid mixed signals for clean fuel

‘Once our business scales up, the costs of electricity generated from hydrogen will be lower than other green power sources,’ COO Cheng says.

Advertisement
Advertisement
Advertisement
Business of climate change

Hong Kong has potential to become green marine fuel hub with Beijing’s backing

City can have a bigger say in green fuel trading and pricing if it becomes a trading hub, CIMC Enric president Leo Yang says.

The first large-scale ship-to-ship simultaneous refuelling for green methanol-powered container ships in China takes place at the Guandong Container Terminal on July 9, 2024. Photo: Linkedin/Quin Xu
Hong Kong economy

‘Major consensus’ needed for proposed Hong Kong ‘Darling Harbour’ project

At least 11 government departments and various bodies as well as private owners will have to agree on waterfront development.

Hong Kong economy

Hong Kong gas usage stays below pre-pandemic level for sixth straight year

Supplier expects trend to persist while economists attribute lower consumption to changing lifestyles, including increased mainland travel.

Semiconductors

Hong Kong investment arm backs Chinese RISC-V start-up StarFive

The partnership will see Hong Kong support StarFive in rolling out RISC-V chip applications in the city.

Full Vision Capital managing partner Alan Chan, left, and StarFive CEO Thomas Xu, holding a RISC-V chip. Photo: Jonathan Wong
Banking & finance

Towngas says tourism rebound, incoming mainland talent will drive sales in 2025

Towngas says its renewable energy business on the mainland was a strong profit contributor.

From left, Edmund Yeung Lui-ming, Towngas executive director and chief financial officer; Peter Wong Wai-yee, managing director; and Alan Chan Ying-lung, executive director and chief investment officer. Photo: Towngas
Banking & finance

Towngas unit’s 2024 profit gains as renewable energy bets pay off

Net profit rose 2 per cent to HK$1.6 billion (US$206 million), while revenue increased 7.4 per cent to HK$21.3 billion.

Renewable energy

China needs new clean-energy tech investments after wind and solar boom

Greater capital is required in areas such as energy storage, hydrogen and sustainable aviation fuel.

Family offices

Hong Kong tycoon Peter Lee looks for good karma in green investments

The Towngas chairman and devout Buddhist hopes to create a more sustainable future through his family office investments.

Peter Lee Ka-kit, the elder son of real estate tycoon and Henderson Land Development’s majority owner Lee Shau-kee. Photo: Dickson Lee
Business of climate change

Towngas, French energy group to launch Hong Kong’s first green hydrogen project

The Hong Kong and China Gas Company (Towngas) has teamed up with the French water, waste and energy group Veolia to launch the city’s first green hydrogen project, which will convert biogas from a landfill site into a sustainable fuel.

videocam
The projected daily production capacity of around 330kg of hydrogen will be enough to power seven or eight hydrogen buses for a full day. Photo: SCMP Handout
Hong Kong economy

Hongkongers face higher gas bills as Towngas discusses fee hike with government

The increase in tariffs ‘will be reasonable, and it will not be a double-digit increase’, managing director Peter Wong says. Towngas last raised its basic tariff by 4.4 per cent in August 2022.

Business of climate change

Hong Kong consumers could see higher gas tariffs as rising costs hit Towngas

Towngas, which last raised its basic tariff by 4.4 per cent in August 2022, is under pressure to lift gas tariffs this year ‘as we need to invest further in our network infrastructure’, managing director Peter Wong says.

videocam
Advertisement
Advertisement
Advertisement
Old Hong Kong

Then & Now | 100 years of gas street lamps in Hong Kong, and the relics that live on

Relics of a bygone era, gas lamps can still be found in Hong Kong today – as long as one knows where to look.

One of the surviving gas lamps in Duddell Street, Central, Hong Kong. Gas lighting was introduced in the then British colony in the 1860s. Photo: K. Y. Cheng
Hong Kong

Editorial | At last, Hong Kong may be ready to join the wind revolution

But city’s power companies will have to meet environmental and ecological concerns as well as the engineering challenges.

Energy

Towngas slumps 15 per cent after earnings miss, suspension of bonus shares

Towngas shares dropped by as much as 15 per cent after it posted worse-than-expected annual results and suspended long-standing practice of issuing bonus shares.

Business of climate change

Towngas China raises HK$2.8 billion to accelerate clean energy transition

The mainland division of Hong Kong and China Gas (Towngas) also plans to change its name to Towngas Smart Energy to reflect the group’s ‘future development direction’.

videocam
Towngas China said it will begin offering carbon auditing, asset management and trading capabilities to its customers. Photo: SCMP Handout
Business of climate change

Towngas, CATL eye growing demand for energy storage systems in China

Towngas and CATL plan to set up a joint venture to install energy storage systems in 10 industrial parks initially and also invest in energy-related projects.

videocam
Energy storage systems store surplus electricity generated from solar and wind farms and play an important role in cutting down carbon emissions. Photo: Simon Song
Greater Bay Area

Exclusive | Towngas eyes waste-to-energy projects as part of China’s green push

Towngas plans to expand its presence in the Greater Bay Area’s water supply, waste water treatment, municipal waste processing and waste-to-energy businesses.

videocam
Hong Kong economy

Towngas customers to pay extra HK$10 per month after tariffs rise

Increase of 4.4 per cent to affect 1.9 million users when it comes in on August 1, with company citing higher labour and operating costs as reasons for rise.

China pollution

China scrambles to convert northern rural homes to gas to combat choking smog

China Gas, a major natural gas distributor, says it has lined up contracts to ensure it can heat a growing number of rural homes – but some analysts are sceptical as another winter approaches

Chinese people warm their hands with coal. While coal is cheaper than natural gas, it is a far dirtier source of energy and is a big contributor to northern China’s choking smog. Photo: Sohu
The Insider

The Insider | These five companies bought back their own shares in recent weeks

Mainland residential property developer Evergrande Real Estate Group along with other Hong Kong-listed companies bought back HK$3.7 billion worth of shares recently
Energy

China Gas hit hard by yuan depreciation, lower prices, asset writedowns

New | Towngas pins growth hopes on China’s push for increased gas use

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement