Hong Kong and China Gas (Towngas) is in talks with the government regarding a potential increase in gas tariffs, the first in two years, to address escalating costs and shareholder expectations. The company's CEO, Peter Wong, highlighted that any tariff adjustment would be moderate and subject to governmental approval, emphasizing the need for a balanced approach. Despite a recent dip in gas sales due to warm weather, Towngas anticipates a growth in commercial gas consumption, particularly in the aviation sector. Additionally, Towngas is eyeing significant capital investments in 2023, primarily directed towards new energy ventures, with hydrogen playing a pivotal role in its strategic expansion plans. By leveraging its existing gas network, Towngas aims to extract hydrogen at a low cost and explore converting it into energy through fuel cells. The company's collaboration with Bravo Transport Services to introduce hydrogen buses in Hong Kong demonstrates its commitment to sustainable transportation solutions and clean energy initiatives, aligning with global trends towards decarbonization and environmental responsibility.