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Hong Kong's Towngas Sees No Plan to Raise Tariffs Amid Economic Pressures.
ByAinvest
Thursday, Jun 5, 2025 12:27 am ET1min read
Hong Kong and China Gas Co Ltd, also known as Towngas, has no plan to increase tariffs, according to its Managing Director. The company operates in the production, distribution, and marketing of gas, water supply, and emerging environmentally friendly energy businesses. It operates through four segments: Gas, Water and Related Businesses, New Energy, Property Business, and Other.
Hong Kong and China Gas Co Ltd (Towngas), also known as Towngas, has no immediate plans to increase tariffs, according to its Managing Director. The company, which operates in the production, distribution, and marketing of gas, water supply, and emerging environmentally friendly energy businesses, continues to focus on innovation and sustainability.Towngas operates through four segments: Gas, Water and Related Businesses, New Energy, Property Business, and Other. The company's Managing Director emphasized that while the company is investing heavily in green technologies, such as green methanol, these investments are not expected to lead to immediate tariff hikes. Instead, the focus is on long-term sustainability and cost efficiency [2].
One of Towngas' notable achievements is the certification of its green methanol project by TÜV SÜD, which received the Carbon Footprint Certification. This certification underscores the company's commitment to reducing its environmental impact and advancing towards a greener energy future [1].
Additionally, Towngas has been actively collaborating with various partners to enhance its services. For instance, it signed a Memorandum of Understanding (MOU) with Ant Digital Technologies to explore multiple areas of collaboration [3]. These partnerships are aimed at leveraging technology to improve operational efficiency and customer experience.
Innovation and sustainability are key to Towngas' continuous growth. The company's focus on green energy and smart energy solutions aligns with global trends and regulatory pressures to reduce carbon footprints. By investing in these areas, Towngas aims to secure a sustainable future for its operations and its customers.
References:
[1] https://www.towngas.com/en
[2] https://www.towngas.com/en
[3] https://www.towngas.com/en
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