今天（29日），我国首台全国产商用300兆瓦级重型燃机项目——华电望亭发电厂二期5号机组正式投 产，标志着我国商用燃机国产化产业链首次全线贯通。 华电江苏望亭发电厂副厂长刘君：5号机组投产后，项目年发电量可达到24.4亿千瓦时，能满足230万居 民一年用电需求，每年可节约标煤20万吨，减排二氧化碳约90万吨。为江苏地区今冬明春电力保供提供 清洁能源保障。 华电望亭发电厂二期燃机项目位于江苏省苏州市，共建设2台494兆瓦燃气、蒸汽联合循环机组，均采用 全球首批500兆瓦全氢冷发电机，其中5号机组是国家第一批燃气轮机创新发展示范项目。 （文章来源：央视新闻） 项目5号机组由中国华电联合上海电气等产业链上下游单位协同攻关，成功攻克核心部件制造、系统自 主可控等多项关键技术难题，累计产生30余项创新成果，实现了从核心部件研发应用到整机运维的自主 可控，为构建新型能源体系、保障国家能源安全提供坚实装备支撑。 ...

Group 1 - The core point of the news is that Trump announced the seizure of the Venezuelan oil tanker "Century" along with its cargo of 1.1 billion USD worth of 1.8 million barrels of crude oil, which was originally destined for China, raising international concerns about U.S. intervention in global energy and trade routes [1][3] - The incident highlights significant security risks in global energy and trade transportation, as the U.S. is seen as intervening against China's energy interests [3] - China's crude oil imports from January to September 2025 reached 423 million tons, with a daily consumption exceeding 11 million barrels, indicating that while the seized oil does not significantly impact China's energy imports, it signals a dangerous precedent for U.S. actions against Chinese interests [3] Group 2 - The Chinese military's response may involve providing naval escorts for its oil and trade fleets, suggesting a potential military countermeasure to U.S. actions [3] - The article compares the capabilities of China's aircraft carriers, particularly the Fujian, which is equipped with advanced electromagnetic catapults and can carry a variety of modern aircraft, enhancing China's naval power [5][6] - Despite the potential for a strong naval response, the article notes that the geographical proximity of the U.S. to the incident site would enhance American defensive capabilities, making direct confrontation costly for China [8][10]

Core Viewpoint - In 2025, China's oil and gas industry is undergoing a multi-dimensional transformation, achieving historical highs in both oil and gas production while transitioning from a traditional energy provider to a materials and systems service provider [1][7]. Group 1: Industry Achievements - The "Seven-Year Action Plan" for increasing oil and gas reserves and production has successfully concluded, marking a significant milestone in energy security [3][4]. - Offshore oil production has significantly contributed to national oil output, with the Bohai Oilfield achieving a historic breakthrough of 40 million tons of oil equivalent, comparable to creating a new "Daqing" in offshore production [3][4]. - The first 10,000-meter exploratory well, "Deep Earth Taka 1," has been drilled, marking a global first in discovering oil and gas at such depths, thus opening new resource reserves [4][5]. Group 2: Technological Advancements - China has developed a complete deep-sea oil and gas development capability, mastering the entire chain from exploration to operation, which allows for independent development of most deep-sea resources [4][5]. - Significant breakthroughs in ultra-deep drilling technology have been achieved, with drilling cycles for deep coalbed gas wells reduced from nearly 100 days to under one month, enhancing resource extraction efficiency [5][6]. - The industry is transitioning from reliance on external technologies to a self-sufficient, technology-driven model, establishing a robust safety defense for energy independence [5][6]. Group 3: Value Transition - The oil and gas industry is at a critical juncture as refined oil consumption peaks, indicating a shift from traditional fuel provision to becoming a key player in industrial materials and stable system services [7][8]. - The role of oil is evolving from merely a fuel source to being integral in high-end manufacturing and supply chain security, with petrochemicals becoming increasingly important [7][8]. - Natural gas is positioned as a crucial stabilizer and regulator in the new power system, especially as renewable energy sources like wind and solar gain prominence [7][8]. Group 4: Future Outlook - The oil and gas industry is set to integrate into the new energy system blueprint, showcasing its potential to adapt and thrive in a changing landscape [8].

向深向蓝， 定义能源安全纵深 能源安全是"国之大者"。20 2 5年，中国油气增储上产"七年行动计划"圆满收官，海陆两大战场捷报频传，共同托举能源供给基本盘。 海上奏响最强音。这一年，海洋石油产量增长贡献了全国石油增产总量。其中，渤海油田油气当量历史性突破4 000万吨，相当于在海 上再造一个"大庆"。这不仅是规模的胜利，更是能力体系成熟的标志。从"深海一号"超深水大气田的自主运营，到首套国产深水水下生 产系统的成功投用，中国已完整掌握了从勘探、设计、建造到开发运营的全链条深海能力。 这条"自主链"的贯通，意味着中国油气开发的目光从近海浅水投向广袤的深水与超深水，一片曾被视为技术禁区的广阔资源宝库由此打 开。 这一年，在广阔的油田上，抽油机的往复、光伏板的静默与风机的旋转同框，传统能源与新能源在此交汇，共同勾勒出"能源+"融合发 展的生动场景。油气行业正以开放、协同的姿态迈向深度共生，铺开一条可持续发展的新路径。 2025年，油气行业交出的不仅是一份关于"量"的厚重答卷，更是一份关于"质"的转型宣言，在保障能源安全的同时，奋力跃入技术驱 动与绿色发展的新纪元。 万米钻头在塔克拉玛干沙漠深处叩击大地，钢铁平台于 ...

编者按： 202 5年，中国能源版图持续刷新纪录，在一系列"首个"与"之最"的突破中强势定义行业新高度，全方位展现出从传统能源到新能源、 从尖端装备到系统集成的硬核实力，勾勒出中国在能源安全、绿色转型等方面的创新之举与破局之势。 ▲ 图为2月20日 ，中国石油宣布，我国首口超万米科探井——深地塔科1井在地下10910米胜利完钻，成为亚洲第一、世界第二垂直深度井。 这是我国在"深地"领域取得的重大突破。 ▲ 图为5月8日，我国首个"风光火储一体化"大型综合能源基地外送工程——陇东至山东±800千伏特高压直流工程（"陇电入鲁"工程）正式竣 工投产，每年可从甘肃向山东输送风电、光伏、火电及储能电量360亿度。 ▲ 图为7月2日，全球单机容量最大（500兆瓦）的高水头冲击式水轮机核心部件转轮正式启运。该转轮的研制成功，标志着我国在高端水电装 备领域实现从跟跑到领跑的历史性跨越，成为全球首个掌握500兆瓦级冲击式水轮机全链条技术的国家。 ▲ 图为7月，全球最大152万吨绿色氢氨项目首期32万吨工程在远景赤峰零碳氢能产业园建成投产，标志着我国绿色氢氨产业正从示范探索向 规模化商业运营阶段迈进。 ▲ 图为7月12日，位于内 ...

Core Viewpoint - The discussion between Serbian President Vucic and Hungarian Prime Minister Orban highlights the importance of energy security for both countries, emphasizing the need for regional energy infrastructure development [2] Group 1: Energy Security - Vucic stated that stable energy supply is crucial for both Serbia and Hungary [2] - A plan was proposed to develop regional energy transportation, storage, and reception networks [2] Group 2: Regional and EU Issues - The leaders also discussed the regional situation and Serbia's potential accession to the European Union [2]

行 业 研 究 煤炭 2025 年 12 月 27 日 日耗环比显著改善，权益逢低配置 投资要点： 动力煤 行 业 定 期 报 告 截至 2025 年 12 月 26 日，秦港 5500K 动力末煤平仓价 672 元/吨， 周环比-31 元/吨，内蒙产地价大涨、山西产地价持平、陕西产地价小 涨。截至 2025 年 12 月 26 日动力煤 462 家样本矿山日均产量为 520.4 万吨，环比-24.1 万吨，年同比-9.8%。本周电厂日耗大涨，电厂库存小 跌，秦港库存大跌，截至 12 月 22 日，动力煤库存指数为 211（+0.5）。 非电方面，甲醇、尿素开工率分别为 91.2%（+0.7pct）和 78.8%（-1.9pct）， 仍处于历史同期偏高水平。 焦煤 截至 12 月 26 日，京唐港主焦煤库提价 1740 元/吨，周环比持平， 山西、河南、安徽产地价格持平。截至 12 月 26 日，523 家样本矿山精 煤日均产量 74 万吨（-1.8 万吨），年同比-2.6%，523 家精煤库存 282.9 万吨（+10.1 万吨），年同比-23.4%；截止 12 月 26 日，日均铁水产量 226.6 万吨 ...

——2025年中国油、气产量双创历史新高。原油产量约2.15亿吨，天然气产量突破2600亿立方米、连续 9年增产超百亿立方米。 世界第二大经济体的发展离不开能源支撑，但中国油气对外依存度较高，高水平的国内油气产量是能源 安全的重要保障。 中国石油集团经济技术研究院副院长罗良才表示，中国油气勘探开发力度持续加大，同时科技创新也推 动油气勘探开发"向极宏观拓展、向极微观深入、向极端条件迈进、向极综合交叉发力"。中国油气产量 不断创新高。 ——截至2025年3月底，中国风电光伏累计装机达到14.82亿千瓦，历史性超过火电装机。据国家能源局 预计，2025年，中国全年风电光伏新增装机约3.7亿千瓦，风电光伏发电量约占全社会用电量的22%。 2025年中国能源领域在保障安全和低碳转型方面取得一系列突破，从其中三项标志性突破可以窥见中国 能源建设底气。 ——2025年中国全社会用电量预计首超10万亿千瓦时，高于欧盟、俄罗斯、印度、日本去年全社会用电 量总和。7月、8月连续两月单月全社会用电量突破万亿千瓦时大关，相当于日本全年用电量总和。 中国电力企业联合会统计与数智部副主任蒋德斌说，10万亿量级在全球范围内尚属首次。中国 ...

180万桶原油被扣！三航母集结，中国反制美"能源劫掠"要拼血本？ 【前言】 "这哪是石油交易？分明是大国博弈的'火药桶'！"2025年12月22日，特朗普政府在加勒比海强行扣押"世纪号"油轮，180万桶原油瞬间从"商品"沦为"武器"。 这批原本计划运往中国的石油，不仅暴露了美国对华能源路线的"堵截"野心，更让解放军三航母集结的传闻登上热搜——当美军航母战斗群在美国家门口虎 视眈眈，中国若真要"跨海反制"，代价究竟有多大？ 一、美国"能源劫掠"背后的三重算计 若解放军三航母编队（总舰载机约150架）与055大驱、052D神盾舰、093B核潜艇、901补给舰组成编队，理论上具备与美军航母战斗群"周旋"能力。但"周 旋"不等于"胜利"——美军在加勒比海的岸基优势，相当于给航母战斗群装了"外挂"，而解放军航母编队若要抵达目标海域，需以30节航速航行11天，加上 整备补给，耗时更久。更现实的问题是，这种"跨海反制"相当于押注海军核心战力，代价之高昂，堪比"赌国运"。 三、反制不止"硬碰硬"，中国有更智慧的"破局之道" 特朗普宣称"没收原油及油轮"的举动，看似是"海盗式"抢劫，实则藏着精妙的战略布局。据《华尔街日报》披露 ...

Core Viewpoint - The announcement of the Qinhuangdao 29-6 oil field by China National Offshore Oil Corporation (CNOOC) marks the seventh consecutive discovery of a billion-ton oil field in the Bohai Sea since 2019, highlighting China's growing capabilities in offshore oil exploration and its commitment to energy security [1][3][12]. Group 1: Discovery Significance - The discovery of the Qinhuangdao 29-6 oil field is not just a geological achievement but a testament to China's enhanced energy independence and technological advancements in deep-sea exploration [1][7]. - This marks a significant shift in the perception of China's offshore oil and gas potential, indicating a systematic and methodical approach to exploration rather than mere luck [3][5]. Group 2: Technological Breakthroughs - The discovery challenges traditional geological theories that deemed the shallow slope zones of the Bohai Sea as unviable for large-scale oil accumulation, showcasing a significant technological revolution in oil exploration [4][6]. - CNOOC's research and exploration teams have utilized advanced technologies such as high-precision 3D seismic imaging and intelligent reservoir prediction to uncover new oil and gas accumulation patterns [4][5]. Group 3: Strategic Importance - The strategic value of the Qinhuangdao 29-6 oil field is amplified by its location within China's sovereign waters, ensuring low transportation risks and high supply stability, which is crucial for national energy security [7][9]. - The continuous discoveries in the Bohai Sea serve as a solid foundation for China's energy supply resilience, providing a reliable source of production amid global market uncertainties [7][9]. Group 4: Future Directions - The success of the Bohai oil fields offers a model for future exploration, emphasizing the importance of ongoing theoretical and technological innovation in tapping into strategic resource areas [10]. - China's ambitions extend beyond the Bohai Sea, with plans to explore deeper waters and unconventional energy sources, supported by the experience and technology developed in the Bohai region [10][12].