The offshore LNG terminal being constructed in Hong Kong waters will further improve Hong Kong’s long-term natural gas supply stability by diversifying supply sources, and enable procurement of natural gas at competitive prices from the global market. The technology of Floating Storage Regasification Unit will be applied to regasify the LNG and the natural gas will be transmitted to power stations through subsea pipelines for electricity generation. The initiative is a critical step in supporting Hong Kong Government’s plan to increase the percentage of natural gas used for power generation and reduce carbon intensity in the city.