CLP–CNOOC partnership targets alternative fuel bunkering in Hong Kong

CLP Holdings Limited (CLP) and China National Offshore Oil Corporation (CNOOC) recently signed a Memorandum of Understanding (MoU) to further strengthen exchanges and cooperation in the energy sector, powering Hong Kong’s green energy transition and advancing the goal of building a strong energy nation under the National 15th Five-Year Plan. 

The signing also marked an important milestone of 30 years of partnership between the two parties, which have been supporting Hong Kong’s social and economic development with a reliable and low-carbon natural gas supply over the decades.

Under the MoU, CLP and CNOOC will deepen cooperation on natural gas supply solutions, industry chain development and related technologies, and explore opportunities for collaboration on low-carbon and zero-carbon technologies and projects. 

The two parties will also exchange views on LNG and green maritime fuel bunkering business to support Hong Kong’s development as a green maritime fuel bunkering hub. At the same time, the two parties will explore renewable energy projects in the Chinese Mainland, as well as emerging innovative technologies, including hydrogen and carbon capture, utilisation and storage (CCUS), to promote green energy development.

Natural gas played an essential role in Hong Kong’s power generation fuel mix in the past 30 years. To help achieve Hong Kong’s decarbonisation targets, CLP has gradually increased the proportion of gas-fired power generation to over 50%. 

In recent years, the two parties have further extended their cooperation, including jointly took part in the construction of the Hong Kong Offshore Liquefied Natural Gas (LNG) Terminal, and also jointly completed Hong Kong’s first ship-to-ship LNG bunkering with simultaneous cargo operations, supporting low-carbon energy transition on multiple fronts.

Photo credit: CLP Holdings
Published: 6 May, 2026