The price has risen by more than 10 times, and this commodity has become the “king of the increase” this year. The list of concept stocks has come to the provider Cailian

The Financial Associated Press reported on August 22 that natural gas has recently become the commodity with the largest increase this year. Market data shows that in the past year, the price of LNG in Asia has skyrocketed by nearly 600%; the increase in natural gas in Europe has been even more alarming. The price in July has increased by more than 1,000% compared to May last year; even the United States, which is rich in natural gas resources, has not Live, gas prices have hit the highest level in the past 10 years.

The Guotai Junan Research Report pointed out that the main factors for higher natural gas prices in 2021 are: ① European and American natural gas inventories are at a low level compared with previous years. ②The increase in natural gas demand brought about by the global economic recovery after the epidemic. ③ Cost increase in the context of carbon neutrality, supply-side investment restrictions, and the need to transform thermal power generation to natural gas power generation. ④ Interim demand growth brought about by the increase of extreme weather. ⑤ Geopolitical factors. Taking into account the high probability that Europe and the United States will enter the winter at a lower inventory level than in previous years, if the winter is cold, the global winter natural gas price may further rise.

The new crown epidemic in 2020 has led to a decline in natural gas demand. As the epidemic is brought under control in 2021, the economy and industry will gradually recover, which will drive the increase in natural gas demand. It is expected that it will fully recover in 2022. According to the International Energy Agency, global natural gas demand will rebound by 3.6% in 2021, and it is predicted that natural gas demand in 2024 will increase by 7% compared to before the new crown epidemic. At the same time, under the carbon neutral policy, in order to achieve the goal of net zero emissions and reduce carbon dioxide emissions, the global demand for green energy continues to increase. As one of the cleanest fossil fuels, natural gas emits nearly 50% less carbon dioxide than coal. Non-fossil fuel alternatives such as wind and solar energy are still in the relatively early stage of energy transition. Therefore, natural gas will become the main alternative energy source for coal. Driven by the energy transition, natural gas will continue to replace coal, prompting the global natural gas market to accelerate structural changes.

China Everbright Securities Research Report pointed out that in the context of global economic recovery and carbon-neutral energy transition, the international natural gas market continues to rise, cost support is superimposed on the “coal-to-gas” policy, and my country’s natural gas market has been improving for a long time. It is recommended to continue to focus on natural gas as its main business and achieve high growth in the first half of 2021. It is recommended to pay attention to: 1) LNG terminal business exceeds expectations and Guanghui Energy, which has excellent core assets of LNG terminal; 2) binds to international crude oil Giant, JOVO Energy, whose LNG business is expected to increase; 3) Kunlun Energy, which focuses on natural gas terminal retail and has a high-growth core business.