Core Points - Golar LNG will release its Q2 2025 results before the NASDAQ opens on August 14, 2025 [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day [1] - Participants are encouraged to join the conference call via the live webcast link [1] Webcast and Teleconference Details - The live webcast can be accessed through the Investors, Results Centre section on Golar LNG's website [2] - Conference call participants must register to obtain dial-in and passcode details to avoid wait times [3] - Presentation materials can be downloaded from the website to view during the conference [4]

Group 1 - The core viewpoint of the articles indicates that the U.S. and China have made significant progress in trade negotiations, particularly regarding the framework for implementing the Geneva consensus, which includes China's commitment to expedite rare earth exports to the U.S. and the U.S. agreeing to lift certain restrictions on China [1][2][3] - The Chinese Ministry of Commerce has confirmed that it will approve export applications for controlled items that meet the criteria, while the U.S. will correspondingly remove a series of restrictive measures against China [2][3] - The discussions in London were a follow-up to the June 5th phone call between the leaders of both countries, which aimed to break the deadlock in trade relations [3][5] Group 2 - Analysts suggest that the recent agreements could lead to more certainty and predictability in U.S.-China trade, which would be beneficial for both nations [3] - The outcome of the London talks is seen as a test of the sincerity of both parties in fulfilling their commitments, with the potential to establish a more robust mutual trust mechanism [5] - The U.S. is also preparing for negotiations with other major trade partners, with a focus on reaching agreements before the July 9 deadline [6][8] Group 3 - The European Union is also preparing for the possibility of not reaching a satisfactory agreement with the U.S., indicating a cautious approach to ongoing trade discussions [6][7] - There are indications that the U.S. may extend the July 9 deadline for trade negotiations, suggesting flexibility in its approach to reaching agreements with various partners [8] - The U.S. trade deficit has reportedly increased, highlighting the complexities and challenges of the current trade policies and tariffs imposed by the Trump administration [8]

Core Viewpoint - A liquefied natural gas (LNG) tanker has been spotted approaching the Arctic LNG 2 facility in Russia, indicating Moscow's efforts to restart operations that have been halted for eight months [1] Group 1: LNG Transportation and Operations - The LNG tanker named Iris is expected to arrive at the Arctic LNG 2 facility, which last exported LNG in October of the previous year [1] - The uncertainty remains whether the tanker will dock at the facility or load fuel [1] Group 2: Future Plans and Challenges - Russia aims to triple its LNG export volume by 2030, although this plan faces obstacles due to restrictions imposed by the US and Europe [1] - The resumption of exports from the Arctic LNG 2 project would indicate Russia's continued interest in expanding supply and finding willing buyers [1]

Group 1: EU and US Tariff Negotiations - The EU is attempting to reach a trade agreement with the US similar to the one between the UK and the US, aiming to resolve some disputes before the July 9 deadline to avoid immediate tariff retaliation against the US [2][4] - As of June 19, major European stock indices fell over 1%, indicating market concerns regarding the ongoing tariff negotiations [2] - The US has raised tariffs on EU steel and aluminum products from 25% to 50%, with President Trump threatening to increase tariffs to 50% if no agreement is reached [5] Group 2: Global Investment Risks - The UN warns that due to tariff policy uncertainties and escalating geopolitical tensions, global foreign direct investment (FDI) is at risk of declining for the third consecutive year [3][17] - The UN's report indicates a projected 11% decline in global FDI in 2024, following a significant drop in 2023 [18] - The report highlights that trade tensions have led to a downward adjustment of most FDI outlook indicators, with early 2025 data showing record lows in transaction and project activities [19] Group 3: Internal EU Dynamics - Internal divisions within the EU are weakening its negotiating position, with some countries like France advocating for retaliation against the US, while others like Italy and Hungary prefer continued negotiations [9][10] - The EU is considering a 10% "reciprocal tariff" along with lower tariff quotas in sectors like steel and automobiles, which some member states may reluctantly accept [11] - The EU has proposed increasing purchases of liquefied natural gas and military equipment to reduce its trade surplus with the US, which stands at €198 billion annually [12]

Core Viewpoint - The European Union has proposed to ban long-term services under existing contracts for liquefied natural gas terminals to Russian customers starting from January 1, 2028 [1] Group 1 - The proposal aims to restrict the supply of liquefied natural gas to Russia, indicating a significant shift in energy policy within the EU [1] - This move is part of broader sanctions and measures against Russia in response to geopolitical tensions [1] - The ban will affect existing contracts, potentially leading to a reevaluation of energy supply chains and contracts within the EU [1]

Group 1 - Japan's chief trade negotiator, Akizawa Ryo, is in the U.S. for the fifth round of U.S.-Japan tariff negotiations, proposing a targeted cooperation plan focused on rare earths and liquefied natural gas supply chains disrupted by the U.S.-China trade war [1][2] - Japan aims to leverage its advantages in rare earth processing and recycling technologies to support the U.S. in mitigating the impact of China's countermeasures in critical minerals [2][4] - The proposed cooperation includes expanding imports of U.S. semiconductor products and liquefied natural gas, as well as potential collaboration in shipbuilding and semiconductor material production [2][4] Group 2 - Japan's strategy is driven by a significant trade deficit with the U.S. and a desire to counterbalance China's rise, seeking U.S. concessions on tariffs through cooperation against China [4][5] - The U.S. has conflicting demands, urging Japan to decouple from China in key sectors while being reluctant to offer concessions, reflecting deeper strategic contradictions in U.S.-China relations [4][5] - Japan's reliance on China for 40% of its automotive and electronics supply chains poses risks, as forced decoupling could increase costs and exacerbate resource security issues [7][5] Group 3 - Japan's approach of sacrificing relations with China for U.S. benefits may backfire, as the U.S. has a history of double standards regarding its allies' economic interests [7][5] - China's firm stance against any deals that compromise its interests, along with its significant trade relationship with Japan, provides it with leverage in this negotiation [5][7] - The broader geopolitical landscape suggests that countries maintaining multilateralism and global supply chain stability will emerge as winners, while Japan risks becoming strategically isolated [7][5]

【环球时报综合报道】6月5日，日本首席贸易谈判代表、经济再生大臣赤泽亮正前往美国参加第五轮日 美关税谈判。《日经亚洲》当天报道称，日方将在与美关税谈判中提出针对中国的一揽子合作方案，重 点聚焦因中美紧张局势而中断的中国稀土和美国液化天然气供应链，日方希望以此为重点与美国展开合 作。报道认为，在美国政府将中国视为关税战"最大目标"的背景下，日方推出这种具有"针对性的方 案"试图争取美方在关税问题上的让步。 报道称，日本在稀土加工、回收利用及减少用量方面具有优势。日本此次的一项提议是向美国提供这些 技术，并帮助美国利用在全球开采的稀土。日本政府还探索在石墨和镓领域开展类似合作。此外，扩大 进口美国液化天然气也在考虑范围内，目前已提出支持阿拉斯加新项目开发以及路易斯安那州和得州增 产的提议。日本还计划从包括英伟达在内的美国公司购买数十亿美元的半导体产品。鉴于美国正加强本 土芯片制造能力，日本将考虑协助生产芯片制造所需的晶圆等材料。在造船领域，日本计划考虑"以中 国为考量因素"，与美国联合建造破冰船。 日本《产经新闻》6日报道称，正在华盛顿访问的赤泽亮正于当地时间5日与美国商务部长卢特尼克举行 会谈。双方一致表示将" ...

文 / 高歌 截至2025年6月，已经连续近100天，没有一船来自美国的LNG到达中国港口了。 美国是世界上最大的LNG出口国，中国是世界上最大的LNG进口国。2024年，中国进口了7860万 吨液化天然气 ，占全球市场的19.12%。 但从2025年2月底到6月初，最大进口国与最大出口国之间的LNG运输船，消失了。 此前，有媒体报道称，今年前两个月一共有4船美国LNG达到中国，这4艘船是2024年11月和12月 启运的。 中国海关总署发布的数据显示，今年前4个月LNG进口量同比下降了22.6%。这是自2024年11月份 以来连续第六个月同比下降。行业机构预测，5月份的进口量将会继续同比下降。 需求疲软、现货价格高企以及关税战升级，被认为是中国LNG进口量同比不断下降的主要原因。 中国对LNG的需求依然是长期趋势，美国加大对LNG的投资和出口也是长期趋势。但关税战扭曲了 二者的顺畅衔接。数据显示，卡塔尔、澳大利亚、马来西亚、俄罗斯对中国LNG的出口正在进一步 稳固，而美国的份额在走低。 中金近期发布的一份研报称，中国天然气需求中期依然具有增长潜力，受益于欧洲/东南亚需求增 长，全球LNG市场容量从4亿吨/年扩 ...

据金融界报道，日本可能通过提供资金和技术帮助，以推动与美国在6月中旬前达成关税协议。这其中包括投资阿拉斯加液化天然气（LNG）管 道项目、分享造船技术等。日本将展示其在破冰船建造方面的优势，随着北极地区安全担忧加剧，这一领域的需求日益增长。日本首相石破茂表 示，他亲自指定的贸易谈判代表赤泽亮正在华盛顿与美国同行举行第三轮会谈后返回东京。赤泽亮正表示，他希望在石破茂与特朗普计划于下个 月在加拿大举行的七国集团（G-7）峰会间隙会晤前达成协议。 然而，日本在谈判中也面临着诸多难题。一方面，日本依赖美国提供安全保护，在军事上对美国有一定的依赖；另一方面，美国此前曾指责日本 故意压低日元汇率，使其出口获得贸易优势，这使得谈判更加复杂。日本能否在谈判中迫使美方让步，全面取消汽车关税，还有待观察。但可以 确定的是，美国若不重视日本的诉求，日本国内的政治压力将会持续增大，这对美日关系的发展可能产生不可忽视的影响。 特朗普（资料图） 当前的中美经贸关系正处于一个微妙的转折点。美国企业原本期待的"短暂和解"并没有带来商业关系的修复，反而发现中国市场已经发生了不可 逆的变化。这种变化不仅体现在贸易数据上，更反映在中国企业对供应链 ...

Core Insights - The Hainan LNG receiving station has successfully completed a technical upgrade for one-click start-stop control of its production line, marking a significant advancement in the domestic LNG receiving station industry [2][3] - This upgrade integrates advanced pressure control strategies, automating the start-stop process of key equipment and production workflows, thereby enhancing operational efficiency and safety [2][3] Group 1 - The one-click start-stop control technology was developed under the guidance of the National Pipeline Group and LNG receiving station management companies, providing new practical experience for industry technological upgrades [2] - The automation transformation is crucial for Hainan LNG receiving station, which plays a vital role in gas supply security and peak shaving tasks in the coastal region [2] - The project involved equipment modification, data testing, and logic optimization, transitioning from manual operations to automated system confirmations and adjustments, significantly improving control precision [2][3] Group 2 - Post-upgrade, the time saved for starting individual LNG receiving equipment is nearly 1 hour, and the overall production line efficiency has increased by 35%, while the frequency of manual operations in high-risk areas has been greatly reduced [3] - The technology optimizes operational processes and safety management, providing replicable experiences for industry automation upgrades, with potential applications extending to oil and gas storage and transportation, as well as hydrogen energy sectors [3]