Hong Kong Strengthens Regional Co-operation on Energy Transition

Strategic Insights -

Hong Kong's Secretary for Environment and Ecology, Mr Tse Chin-wan, continued to attend the Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting (EMM) in Busan, Korea, discussing ways to expand energy mix and strengthen regional co-operation on energy transition. Hong Kong's first offshore liquefied natural gas receiving terminal commenced operation in 2023, enabling the city to procure natural gas at more competitive prices. The meeting also focused on strengthening grid resilience in the face of climate change, with Hong Kong's power companies adopting advanced technologies, such as AI-driven monitoring systems and forecasting models.

Key Takeaways:

  • Hong Kong's first offshore liquefied natural gas receiving terminal commenced operation in 2023, allowing the city to procure natural gas at more competitive prices.
  • The terminal is a key component of Hong Kong's efforts to stabilize energy prices and supply through measures such as regulating the electricity market and increasing the use of clean energy.
  • Hong Kong will continue to strengthen regional co-operation and explore ways to import more zero-carbon energy in line with the city's sustainable development.
  • The Secretary for Environment and Ecology, Mr Tse Chin-wan, shared Hong Kong's experiences in using AI technologies to optimize and adjust chillers, automatically diagnose faults, and predict maintenance needs.
  • Mr Tse expressed his hope to continue collaborating with APEC member economies on AI projects to jointly drive AI development.
  • Hong Kong's power companies have been adopting advanced technologies, such as AI-driven monitoring systems and forecasting models, to strengthen the grid's resilience and cope with the impacts of climate change.

Statistics:

  • The first offshore liquefied natural gas receiving terminal commenced operation in 2023.
  • Hong Kong's power companies have adopted AI-driven monitoring systems to enhance grid resilience.
  • Over 90% of Hong Kong will be covered by the Smart Metering System by 2025, enabling users to achieve energy conservation and convenient maintenance.
  • The AI agent Engentica, launched in 2023, can optimize and adjust chillers through live weather data and predict maintenance needs.

Sources:

  • Hong Kong SAR Government. (n.d.). Press Release: Attendance at the APEC Energy Ministerial Meeting.
  • Hong Kong SAR Government. (2023). Hong Kong's first offshore liquefied natural gas receiving terminal commences operation.