CHINA GAS HOLD(HK:00384) Zhong Guo Xin Wen Wang·2026-02-02 12:22Core Viewpoint - The demand for natural gas is strong in most ASEAN countries, and China has advantages in technology, funding, and pipeline construction, which can enhance energy supply chain resilience while supporting low-carbon transitions in ASEAN nations [1][4]. Group 1: Cross-Border Energy Cooperation - The government should lead the formulation of a cross-border energy cooperation plan between China and ASEAN, outlining key projects such as natural gas pipeline interconnectivity and LNG terminal co-construction [3]. - A policy package should be established to provide tax incentives and facilitate customs clearance for cross-border energy trade, thereby reducing cooperation costs [3]. - Emphasis should be placed on both "hard connectivity" through infrastructure and "soft connectivity" through standardization, with joint efforts from government and enterprises to reduce technical barriers [3]. Group 2: Regional Energy Development - Guangxi is positioned as a hub to connect resource-rich countries like Vietnam and Myanmar with domestic markets, aiming to create a regional energy trading center and explore RMB settlement to enhance energy pricing power [3][4]. - The company is actively involved in the ASEAN market, with operations in Malaysia and Indonesia, focusing on green energy transition and comprehensive energy services to support local industrial efficiency and low-carbon transformation [4]. - The company has established nearly 15,000 kilometers of gas pipelines in Guangxi, transitioning natural gas from a "scarce resource" to a "basic livelihood service," with ongoing initiatives to improve gas pricing mechanisms and promote healthy industry development [4]. Group 3: Sustainable Energy Projects - The company aims to deepen energy cooperation with ASEAN countries through the implementation of comprehensive energy and biomass energy projects, contributing to the establishment of a more sustainable energy system in the region [6].