Putin hails "unprecedentedly high" relations with China as Gazprom says it has signed a new gas deal. https://t.co/LYyvZCad5R ...

Project Development - Gazprom signs legally binding agreement to build Power of Siberia 2 gas pipeline to China via Mongolia [1] Energy Sector - Russia's gas giant Gazprom to build gas pipeline to China [1]

Group 1 - Gazprom reported a net profit of 322.78 billion Russian Rubles for Q2, exceeding analyst expectations of 299 billion Rubles [1] - For the first half of the year, Gazprom's revenue was 4.99 trillion Rubles, reflecting a year-on-year decrease of 1.9% [1] - The company's net profit for the first half of the year was 983.12 billion Rubles, down 5.7% year-on-year [1] - Gazprom's EBITDA for the first half of the year was 1.55 trillion Rubles [1]

Group 1 - President Trump announced a significant statement regarding Russia, threatening to impose a 100% tariff on Russian goods if an agreement is not reached within 50 days [4][6] - The U.S. plans to provide Ukraine with advanced weaponry, including the Patriot missile defense system, with NATO countries expected to cover the costs and expedite delivery to the battlefield [6][10] - The market reacted negatively to Trump's announcement, with U.S. oil prices dropping significantly, while Russian stocks surged, indicating a shift in investor sentiment [8][10] Group 2 - Trump's statement included the possibility of secondary tariffs on countries purchasing Russian oil, potentially reaching up to 500%, although details were not fully disclosed [4][11] - Analysts believe that the 50-day negotiation period provided by Trump alleviated immediate concerns about sanctions on Russian oil, leading to a decrease in oil prices [8][10] - Russian officials dismissed Trump's threats as mere posturing, suggesting that the U.S. measures would ultimately harm its own economy [7][11]

Agreements & Legal - Depa (Greek state gas distributor) reached an out-of-court agreement with Gazprom regarding supply pricing [1] - The agreement follows an international arbitration [1]

塞尔维亚将从俄方Gazprom获得欧洲最佳的报价。（路透） 天然气公司Srbijagas的主管Dusan Bajatovic表示，塞尔维亚寻求与俄罗斯达成三年期或10年期天然气供 应合同。 ...

关税影响"验证期"的投资思路 20250507 摘要 • 为应对关税冲击，中国推出一揽子金融政策以稳定市场和预期，但政策对 冲效果有待观察，需关注城市更新等逆周期政策及配套融资。 • 全球经济增长预期普遍下调，美国消费者信心指数和企业雇佣指数创新低， 但中美流动性充裕支撑黄金、白银等金融属性大宗商品价格。 • 能源板块因 OPEC 成员国竞相增产面临供给侧压力，价格可能螺旋下跌； 全球制造业周期放缓影响未完全显现，需规避受关税冲击的工业品。 • 全球去美元趋势下，亚洲货币被低估，美国追求贸易平衡或导致美元资产 配置下行，黄金作为避险资产配置价值提升。 • 央行通过降准降息等措施稳市场，重点支持科技创新、产业升级、资本市 场、消费及房地产市场，货币政策先行推动资产价格上升。 • 铜价因供给紧张和贸易失衡表现强劲，但若美国关税落地或非美地区开工 率下降，铜价可能下跌，上行空间有限，下行风险积聚。 • 能源市场背景下降，但天然气、核电及海外电力表现优于预期，国内核电 重启加速，中国铀矿需求庞大，将显著拉动铀矿价格及产能。 Q&A 当前宏观局势和周期品投资策略如何应对特朗普政府的关税政策变化？ 当前宏观局势较为混沌， ...

自2 0 2 0年以来，俄罗斯天然气在中国供应结构中的占比大幅上升，现已成为中国进口管道天 然气的第二大来源国，仅次于土库曼斯坦。去年1 2月，俄罗斯Ga z p r om经"西伯利亚力量" (Powe r o f Si b e ri a )管道向中国输送的天然气达到满负荷状态，这表明今年天然气输送量或 将达到3 8 0亿立方米，同比增长2 3%。中国买家购买俄罗斯管道天然气的价格约为6美元/百 万英热单位，低于购买卡塔尔和澳大利亚LNG 1 0 - 1 2美元的价格。 本文来自彭博终端，终端用户可运行NSN SV54R8DWRGG2 阅读原文。非终端用户可点击文末 "阅读原文" 预约演示。 伴随行业飞速发展、地缘政治博弈、供需天平摇摆…全球能源市场时刻处于动荡之中。彭博行 业研究（Bloomberg Intelligence）为您及时传递行业动态，并基于高质量数据、模型与分析 助您解读市场变化，看见全局、看向前景。 扫描二维码 立即订阅 彭博能源行业研究双周报 本期主题： 俄罗斯天然气 vs. 亚洲LNG (彭博行业研究)——俄罗斯输华管道天然气量有望创下新高。中国的天然气消费量已呈现出 下降趋势，而日本重 ...

Core Insights - The increasing interest in natural hydrogen, seen as a potential game-changer in the global energy landscape, is attracting major companies from the mining and energy sectors [1][2] - Natural hydrogen, discovered 40 years ago in Mali, is a carbon-free resource that produces only water when burned, leading to a surge in exploration activities by various companies [1][3] - Despite the optimism, there are concerns regarding the environmental impact and transportation challenges associated with natural hydrogen, with the International Energy Agency warning about the difficulties in achieving economically viable large-scale extraction [1][2] Industry Developments - Rystad Energy indicates that Canada and the United States are leading in exploration projects for natural hydrogen, with the next year being critical for the industry [1][2] - Major players like Fortescue and BP are investing in natural hydrogen exploration, with Fortescue's investment of $21.9 million in HyTerra to expand exploration efforts [3][4] - The potential for natural hydrogen to support decarbonization efforts is acknowledged, but the industry is still in its early stages, with significant challenges ahead in terms of efficient extraction and safe transportation [3][4] Investment Trends - The past year has seen a rise in investor interest, with venture capital backing companies like Snowfox Discovery and Mantle8, indicating a shift towards alternative hydrogen solutions amid challenges faced by green hydrogen [2][3] - The focus on natural hydrogen is seen as a promising opportunity for local clean energy, with potential applications across various industries if extraction and cost challenges can be addressed [3][4] - The hydrogen energy alliance emphasizes that while exploration is in its infancy, achieving industrial-scale production could take decades, similar to the shale gas development timeline in the U.S. [4]