[Opportunity Discovery]Guangdong’s expansion of natural gas utilization LNG receiving station plays an important role in LNG import_ Securities Times Network

The “14th Five-Year Plan for Energy Development in Guangdong Province” issued on the 13th proposes to strictly and reasonably control the growth of coal consumption and expand the utilization of natural gas. The province’s natural gas consumption will increase from 29 billion cubic meters in 2020 to 48 billion in 2025. cubic meter. The energy production, supply, storage and sales system will be improved, and the coastal LNG receiving stations will be planned and constructed in accordance with the principle of “moderately advanced, intensive, and large-scale development”, so that the province’s annual natural gas supply capacity will reach 80 billion cubic meters.

Shenwan Hongyuan pointed out that natural gas is an important component of the global energy structure and the development direction of clean energy. After experiencing a slowdown in demand growth in 2019 and 2020, my country’s natural gas supply and demand will see rapid growth in 2021. In addition to the increase in domestic natural gas, the domestic demand for imported gas may continue to grow. The imported natural gas is mainly pipeline gas and LNG imports, and the new supply in the future may mainly come from the import of LNG terminals. Due to the continuous advancement of the marketization of natural gas prices in my country, we are optimistic about investment targets in natural gas resources, LNG receiving facilities, and LNG export facilities, including Guanghui Energy, PetroChina and Bomaike.

Haitong International Research believes that the growth rate of the overall natural gas industry maintains a high growth rate. As an important asset in the natural gas industry chain, LNG terminals play an important role in LNG imports. It is recommended to pay attention to ENN, Guanghui Energy, and JOVO Energy.