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Policy Address by Hong Kong SAR’s Chief Executive John Lee: Expediting the Northern Metropolis development to expand capacity for growth, innovation and talent

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 19 September 2025 – Speeding up the large-scale Northern Metropolis development was a central theme of the 2025 Policy Address announced by Hong Kong’s Chief Executive, John Lee, on September 17, including measures to reduce construction costs and time, promote market participation, encourage enterprises to set up and invest in the area, and reduce the cost of land premiums by adopting a “pay for what you build” approach.

“The Northern Metropolis is the new engine for Hong Kong’s economic development and holds immense potential,” Mr Lee said.

To fast-track development and raise the level of decision‑making, the Chief Executive said he would establish the Committee on Development of the Northern Metropolis under his leadership.

“The committee will be tasked with streamlining administrative workflows and removing unnecessary barriers and restrictions,” Mr Lee said. Under the committee, three working groups will be set up:

– Working Group on Devising Development and Operation Models to formulate development and operation models for industry parks and devise a range of financing schemes
– Working Group on Planning and Construction of the University Town to study the development mode for the Northern Metropolis University Town
– Working Group on Planning and Development responsible for managing the end‑to‑end process from planning to implementation.

“We very much look forward to public-private partnerships,” said the Financial Secretary, Paul Chan, who will lead the Working Group on Devising Development and Operation Models. “I would say it would be an evolving process depending on the market interest as well as our implementation timetable.”

Dedicated legislation will be introduced to empower the Government to devise simplified statutory procedures for accelerating the development of the Northern Metropolis.

Within the Northern Metropolis, the San Tin Technopole, spanning some 210 hectares of land for innovation and technology (I&T), will serve as a strategic base for the I&T industry.

The Chief Executive said the Government will publish the Conceptual Outline of the Development Plan for the I&T Industry in the San Tin Technopole this year. It will cover top‑level planning, industry positioning and layout, the co‑ordinated development of land parcels, and the strategies for channelling market resources to invest in the development.

With the Northern Metropolis bordering the Chinese Mainland, it also fosters cross-boundary collaboration within the Hetao Shenzhen‑Hong Kong Science and Technology Innovation Co‑operation Zone, comprising Shenzhen Park and Hong Kong Park. “Leveraging the advantages of “one zone, two parks”, the Co‑operation Zone will promote collaboration between the two parks in the development of I&T,” Mr Lee said.

 

The Policy Address also outlined plans to build an international education hub by promoting the integrated development of education, technology and talents as a foundational and strategic pillar for progress in the new era.

“We will accelerate construction of the Northern Metropolis University Town, promote the ‘Study in Hong Kong’ brand, develop universities of applied sciences (UASs), and propel our city towards becoming an international hub for post‑secondary education and high‑calibre talents,” Mr Lee said.

With a distinctive competitive edge in post‑secondary education, Hong Kong is the only city worldwide that hosts five universities ranked among the world’s top 100. Universities in Hong Kong are highly popular, with a double‑digit year‑on‑year increase in the number of self‑financing non‑local applicants. As such, the Chief Executive announced that the number of non‑funded places for non‑local students to study in funded post-secondary institutions in Hong Kong on a self‑financing basis will be permitted to increase from the level currently equivalent to 40% of local student places to 50%. The Government will also earmark new sites (zoned as commercial or otherwise) this year for building new hostels, and will invite the market to submit expressions of interest.

The Secretary for Education, Dr Choi Yuk-lin, said in a press conference today (September 19) that the adjustment in enrolment ceiling for self-financing non-local students supports post-secondary institutions in expanding their scale, enhancing quality, fostering a more international and diverse campus environment, thereby further developing Hong Kong into an international hub for post-secondary education.

Furthermore, the Education Bureau will establish the Task Force on Study in Hong Kong, to step up the promotion of higher education in Hong Kong.

The Government will also forge ahead with building a competitive low‑altitude economy ecosystem, to propel Hong Kong as an Asia‑Pacific hub for innovative low‑altitude applications.

“We will formulate the Action Plan on Developing Low‑altitude Economy to advance Hong Kong as a major hub for low‑altitude applications through institutional innovations and technological breakthroughs,” Mr Lee said.

The Government will regularise the operation of more mature application scenarios, and roll out the advanced low‑altitude economy “Regulatory Sandbox X” pilot projects to cover application scenarios that are technically more complex, such as cross‑boundary routes and passenger‑carrying, low‑altitude aircraft.

“We will also promote the development of new industrialisation, press ahead with the low‑altitude economy, support people‑oriented scientific research, and facilitate leading I&T enterprises to establish a presence in our city,” Mr Lee added.

 

Business

Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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Beyond Stabroek: Guyana’s Offshore Basin Attracts New Wave of Exploration Investment

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Etu Energias

As ExxonMobil advances appraisal activity in Stabroek and new operators target frontier acreage, Guyana is attracting global capital and building a diversified offshore portfolio designed to sustain long-term growth

GEORGETOWN, Guyana, August 7, 2026/APO Group/ –Guyana’s transformation into one of the world’s fastest-growing oil producers is entering a new phase, with a growing network of IOCs expanding exploration activity across the country’s offshore basin. Beyond the landmark discoveries that first put Guyana on the global energy map, new drilling campaigns and licensing partnerships are creating a broader exploration ecosystem designed to support long-term production growth.

At the center of this momentum is ExxonMobil’s continued exploration and appraisal activity in the prolific Stabroek Block. The company has submitted a proposal for a 35-well exploration and appraisal drilling campaign, expected to run from 2028 through 2033, pending regulatory approval. The program would build on more than 30 commercial discoveries already made in the block, with drilling activity focused on evaluating new prospects and appraising existing discoveries to support future development opportunities.

Exploration activity is also extending into Guyana’s frontier acreage, with ExxonMobil advancing drilling operations at the deepwater Canje Block. The company has deployed the Noble Stena Carron drillship for exploration activity, highlighting continued industry interest in evaluating Guyana’s underexplored offshore potential beyond the established Stabroek Block.

Guyana’s strong exploration outlook comes as the country’s economy continues to benefit from rapid oil sector expansion, with hydrocarbons expected to remain a key driver of exports, government revenues and economic growth. As production scales up, attracting additional investment across exploration, services and infrastructure will be critical to supporting the next phase of development.

That momentum is being reinforced through partnerships established under Guyana’s 2023 offshore licensing round. A consortium comprising TotalEnergies, QatarEnergy and Petronas is advancing exploration activities in Block S4 under a five-year production sharing agreement signed with the government in late 2025. The award represents one of the first major outcomes of the licensing round and demonstrates continued international confidence in Guyana’s offshore resource potential.

Beyond the largest operators, a diverse group of companies is also expanding activity across Guyana’s offshore basin. Eco Atlantic is advancing exploration at the Orinduik Block; CGX Energy and Frontera Energy are progressing work in the Corentyne Block; Occidental is evaluating opportunities in the Roraima Block; while Ratio Guyana and Cataleya Energy hold interests in the Kaieteur Block. Together, these partnerships are broadening Guyana’s exploration landscape, increasing competition for acreage and creating opportunities for future discoveries.

As Guyana transitions from an emerging producer to a global energy hub, the next challenge will be converting exploration success into sustainable investment, local value creation and regional growth. These opportunities will be explored at Caribbean Energy Week 2027, held under the theme “Unlocking the Caribbean Energy Corridor: Oil, Gas, LNG & Investment for a New Global Hub.” Bringing together governments, IOCs, investors and technology providers, the event will examine how Guyana’s expanding partnerships can accelerate offshore development, strengthen regional energy cooperation and attract the capital needed to support the Caribbean’s evolving energy landscape.

Distributed by APO Group on behalf of Energy Capital & Power.

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Energy Capital & Power Establishes London Entity, Expanding Global Platform for Energy and Mining Events

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Energy

The move strengthens ECP’s presence in the UK and Europe, and its ability to connect African and South American markets with global investors

LONDON, United Kingdom, August 6, 2026/APO Group/ –International events company Energy Capital & Power (ECP) (www.EnergyCapitalPower.com) has officially established its UK entity in London, marking a milestone in the company’s growth strategy and reinforcing its ability to deliver world-class energy and mining events and campaigns in the UK and Europe.

By establishing a presence in a key hub like London – the pre-eminent energy and mining finance center – ECP actively shapes the global energy conversation. The expansion positions ECP to better serve clients, partners and investors seeking to develop business opportunities between Africa, Europe, the Americas and energy markets worldwide.

Opening our UK company brings ECP closer to key investors in the global energy finance capital

The milestone comes as ECP strengthens its reach through a series of investment platforms that connect global capital to energy and mining projects. These include the Venezuela Energy Week London Showcase on July 30 – with over 300 delegates registered – and the annual Invest in African Energy Forum, held in Paris as the premier event connecting global investors to Africa’s energy transformation.

ECP hosts high level summits and investor conferences in leading energy and minerals producing countries in Africa and South America, including: Venezuela Energy Week; Angola Oil & Gas; MSGBC Oil, Gas & Power; African Mining Week; Libya Energy & Economic Summit; Congo Energy & Investment Forum; South Sudan Oil & Power; and Caribbean Energy Week. The company has hosted investor forums and supported licensing round roadshows in Houston, London and Paris since 2016.

“Opening our UK company brings ECP closer to key investors in the global energy finance capital,” states CEO James Chester. “Having a permanent presence in London further cements our footprint in Europe, enabling us to fulfil our mission to bring minerals and energy investment to diverse global markets.”

With teams located across Africa, Europe and the Americas, ECP has long-facilitated strategic engagement, market intelligence and industry convening, uniting investors with leading energy and mining projects.

Distributed by APO Group on behalf of Energy Capital & Power.

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