A fuel valve for injecting liquid fuel into the combustion chamber of a large slow running two-stroke turbocharged self-igniting internal combustion engine, said fuel valve comprising: an elongated fuel valve housing with a rear end and a front end, a nozzle with a closed tip and with a hollow interior that forms a chamber connected to nozzle holes, said nozzle being arranged at the front end of said fuel valve housing, a fuel inlet port in said elongated fuel valve housing for connection to a source of pressurized liquid fuel, an actuation liquid port in said elongated fuel valve housing a pump piston received in a first bore in said elongated fuel valve housing with a pump chamber in said first bore on one side of said pump piston, an actuation piston received in a second bore in said valve housing with an actuation chamber in said second bore on one side of said actuation piston, said pump piston being connected to said actuation piston to move in unison therewith, said actuation chamber being connected to said actuation liquid port, a valve member with an axially displaceable shaft that is received in a longitudinal bore in said elongated valve housing, said valve member having a closed position and an open position, said axially displaceable shaft is provided with a closure member that rests on a valve seat in said closed position, said closure member has lift from said valve seat in said open position and said axially displaceable shaft being resiliently biased towards said closed position by a spring, a conduit is provided between said pump chamber and said valve seat, said valve seat faces said chamber in said nozzle, said closure member is at least partially disposed in said chamber in said nozzle, said closure member is configured to move towards said closed tip to obtain lift, and said closure member is configured to move away from said closed tip when said closure member moves towards said valve seat. an elongated fuel valve housing with a rear end and a front end, a nozzle with a closed tip and with a hollow interior that forms a chamber connected to nozzle holes, said nozzle being arranged at the front end of said fuel valve housing, a fuel inlet port in said elongated fuel valve housing for connection to a source of pressurized liquid fuel, an actuation liquid port in said elongated fuel valve housing a pump piston received in a first bore in said elongated fuel valve housing with a pump chamber in said first bore on one side of said pump piston, an actuation piston received in a second bore in said valve housing with an actuation chamber in said second bore on one side of said actuation piston, said pump piston being connected to said actuation piston to move in unison therewith, said actuation chamber being connected to said actuation liquid port, a valve member with an axially displaceable shaft that is received in a longitudinal bore in said elongated valve housing, said valve member having a closed position and an open position, said axially displaceable shaft is provided with a closure member that rests on a valve seat in said closed position, said closure member has lift from said valve seat in said open position and said axially displaceable shaft being resiliently biased towards said closed position by a spring, a conduit is provided between said pump chamber and said valve seat, said valve seat faces said chamber in said nozzle, said closure member is at least partially disposed in said chamber in said nozzle, said closure member is configured to move towards said closed tip to obtain lift, and said closure member is configured to move away from said closed tip when said closure member moves towards said valve seat.