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Hong Kong & China Gas
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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.
EnerVenue, named by Time magazine as one of the top 10 US green technology companies in 2025, has developed processes to lower the total life-cycle costs of energy storage systems. Photo: Handout
Banking & finance

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

The California-based firm will use new funding to scale manufacturing and expand globally, with Hong Kong anchoring its regional 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

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.

Hong Kong has plans to develop a sustainable aviation fuel supply chain in the Greater Bay Area. Photo: Shutterstock
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.

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.

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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.

The To Kwa Wan project will require major cooperation among least 11 government departments and agreement from private owners of a pier and gas facilities. Photo: Handout
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.

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.

Towngas’ Tai Po Plant. Photo: Martin Chan
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.

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.

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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.

A Towngas logo is seen at the Hong Kong Brands and Products Expo in December 2023. Photo: Edmond So
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.

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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.

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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.

Hong Kong by night. Photo: Getty Images
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’.

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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.

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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.

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Towngas made its maiden investment in water services in the Greater Bay Area in October 2018, paying 550 million yuan (US$78.6 million) for a 26 per cent stake in Foshan Water Environmental Protection. Photo: Handout
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

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

China Gas is involved in the distribution of city gas and natural gas, and the construction of long-distance natural-gas pipelines.

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

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