波黑媒体《新闻报》12月3日报道。欧盟理事会宣布，已与欧洲议会就到2027年全面停止进口俄罗斯天 然气达成协议。根据协议，欧盟将对俄罗斯液化天然气（LNG）和管道天然气实施具有法律约束力的 分阶段禁令，LNG将于2026年底起完全禁止，管道天然气从2027年秋季起全面停止。 丹麦气候、能源与公用事业大臣拉尔斯·阿高表示："这项协议对丹麦乃至整个欧洲来说都是一场重大胜 利。我们必须终结欧盟对俄罗斯天然气的依赖，此举标志着我们在正确方向上迈出了一大步。" 协议明确了不同合同的过渡时间安排，针对现有合同法规生效6周后，将禁止新增俄气进口，但已有合 同可享过渡期。对于在2025年6月17日前签订的短期合同，俄罗斯天然气的进口禁令将自2026年4月25日 起对液化天然气生效，并于2026年6月17日起对管道天然气生效。针对液化天然气的长期进口合同，该 禁令将从2027年1月1日起开始实施。针对管道天然气的长期进口合同，该禁令将于2027年9月30日生 效，但前提是《天然气储存条例》中规定的储气库填充目标有望达成，最迟实施日期不超过2027年11月 1日。协议允许对现有合同进行严格限定的操作性修改，但不得导致供应量增加。 ...

每经头条（nbdtoutiao）——秒光、售罄！银行大额存单成稀缺资源，2%以上产品很难抢，有的门槛高 达1000万元！专家：存款利率或长期下行 （记者 张明双） 2024年1至12月份，新天然气的营业收入构成为：煤层气开采及销售行业占比76.99%，天然气供应及相 关行业占比21.73%，其他业务占比1.28%。 截至发稿，新天然气市值为116亿元。 每经AI快讯，新天然气（SH 603393，收盘价：27.42元）12月5日晚间发布公告称，公司第五届第八次 董事会会议于2025年12月5日以现场及通讯相结合的方式召开。会议审议了《关于公司2026年度"提质增 效重回报"行动方案的议案》等文件。 ...

Core Viewpoint - After three years of being listed, Shengtong Energy (001331) plans to change its controlling shareholder and actual controller [1][2] Company Overview - Shengtong Energy was established in 2012 and went public on the Shenzhen Stock Exchange in September 2022, focusing on the procurement, transportation, and sales of LNG (liquefied natural gas), as well as transportation services for crude oil and general cargo [4] - As of the end of Q3 2025, the actual controller Wei Jisheng directly held 104 million shares, accounting for 36.97% of the company, with a market value of approximately 1.44 billion yuan [4] Shareholder Information - The top shareholders include Wei Jisheng (36.97%), Longkou Yunxuan Investment Center (9.89%), Longkou Tongyi Investment Center (7.54%), and others [5] - The company has experienced significant fluctuations in performance due to LNG market price volatility, with revenues of 5.157 billion yuan, 4.804 billion yuan, and 5.348 billion yuan from 2022 to 2024, and net profits of 172 million yuan, -39.546 million yuan, and -16.891 million yuan during the same period [5] Recent Performance - In the first three quarters of 2025, Shengtong Energy's performance showed recovery, with revenue increasing by 21.34% to 4.513 billion yuan and net profit rising by 83.58% to 44.394 million yuan [7] - The company sources LNG through domestic market pricing and a five-year long-term agreement known as the "import LNG window one-stop service," which is sensitive to market supply and demand [7] - On December 4, the day before the stock suspension, Shengtong Energy's stock surged by 8.06%, closing at 14.75 yuan per share, with a total market value of 4.163 billion yuan [7]

【导读】胜通能源筹划易主，12月5日起停牌 中国基金报记者 夏天 上市三年后， 胜通能源 （证券代码：001331）拟易主。 12月5日午间，胜通能源公告称，公司控股股东、实际控制人魏吉胜已签署了股份转让意向书，该事项可能导致公司控股股东、实际控制人 发生变更。 公开资料显示，胜通能源成立于2012年，2022年9月在深交所挂牌上市，主营业务为LNG（液化天然气）的采购、运输、销售以及原油、 普货的运输服务。 截至2025年三季度末，魏吉胜直接持有胜通能源1.04亿股，持股占比 为 36.97%，系公司第一大股东，期末参考市值约 为 14.4亿元。 | 十大股东明细 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 时间范围 | | | | | | | 11时间排序 | [ = =出到excel | | 2025年三季报 | | | | | | | | 查看图形 | | 股东各称 | 股东性质 | 期末参考市值 (亿元) | 持股数量(股) | 持股比例 (%) | 較上期持股变 动数(設) | 持設比例变动 ...

Core Viewpoint - The article emphasizes the critical role of natural gas in China's energy strategy, particularly in achieving carbon peak goals by 2030 and enhancing energy security. The expected annual growth rate of natural gas production in China from 2025 to 2035 is projected to be 5.3% [3]. Group 1: Energy Policy and Market Outlook - China's natural gas policy is set to boost industry development, with a focus on increasing domestic production and achieving a self-sufficiency rate of 71% by 2050, significantly higher than the 47% expected for the oil sector [3]. - Decision-makers are reducing pipeline transportation prices by at least 8% to stimulate natural gas usage, which could lead to a 10%-15% increase in gas transmission volumes [3]. - The demand for natural gas is expected to rise due to the shift in energy consumption structure, with natural gas's share in total energy consumption projected to increase from 8.9% in 2025 to 16% by 2035 [14]. Group 2: Performance and Valuation - As of September 30, Asian gas stocks have risen by an average of 3.6%, lagging behind the MSCI Energy Index's 7.6% increase, indicating a rebound from earlier lows [4]. - Despite the overall positive market sentiment, the price-to-book ratios of companies like Xinao Energy and China Gas remain near five-year lows, suggesting potential undervaluation [4]. - Xinao Energy's price-to-book ratio is 1.5 times, compared to a five-year average of 2.6 times, while China Gas's ratio is 0.8 times against a five-year average of 1.3 times [4]. Group 3: Supply and Demand Dynamics - The geopolitical landscape, particularly the Russia-Ukraine conflict, has heightened the focus on energy security, prompting China to prioritize domestic natural gas supply and production growth [10]. - By 2030, domestic natural gas production is expected to meet 59.8% of demand, increasing to 71.1% by 2050, as exploration and development activities ramp up [17]. - China's LNG import sources are diversifying, with Russia expected to become a major supplier, potentially surpassing Australia in the long term [19].

Core Viewpoint - The European Commission has announced that two projects led by Italian gas network operator Snam have been included in the new priority list for cross-border energy projects, qualifying them for EU funding support [1] Group 1: Project Details - The two projects were previously included in the priority list in 2023, and their re-inclusion indicates they will be part of Snam's new industrial plan to be released in early next year [1] - The projects include the SoutH2Corridor hydrogen pipeline project connecting Algeria, Italy, Austria, and Germany, and the Calisto offshore CO2 storage facility project near the coast of Ravenna, Italy [1] Group 2: Project Classification and Benefits - These projects are classified as "projects of common interest" and "mutually beneficial projects," which will enjoy expedited approval processes and are expected to receive financial support from the EU [1]

能源巨头雪佛龙(CVX.US)的澳大利亚子公司及其合资伙伴周五在一份声明中表示，他们已达成最终投 资决定，将进一步开发位于西澳大利亚州的大型Gorgon天然气项目。 声明称，作为Gorgon三期开发的一部分，雪佛龙澳大利亚及其合作伙伴——包括埃克森美孚和壳牌公 司——将投入30亿澳元(约合20亿美元)，将两个海上天然气田连接到巴罗岛(Barrow Island)上现有的基 础设施和加工设施。同时，还将钻探六口新井。 Gorgon项目位于澳大利亚西北部偏远的巴罗岛上，是澳大利亚历史上最大的资源开发项目，每年生产 约1560万吨液化天然气(LNG)。 IEA预计2025年天然气需求增速放缓后，2026年将加速增长，推动总需求创历史新高。液化天然气供应 的大幅增加有望缓解市场基本面压力，并促进亚洲价格敏感型市场需求的强劲增长。 该机构还预计2026年全球天然气消费量将达到历史新高，在供应基本面趋缓的情况下，需求增速将加快 至约2%。工业和能源行业的天然气消费预计将占新增天然气需求的约一半。预计2026年天然气发电需 求将占需求增长的30%。 ...

Core Insights - The article highlights the severe electricity shortage risk faced by U.S. data center developers, with a projected supply-demand gap of 10-20% by 2027-2028 [1][2][3] - There is a significant increase in demand for off-grid solutions due to political and execution risks, with natural gas generators and energy storage systems becoming standard [2][6] - The year 2026 is identified as a critical "Year of Execution," where project execution capabilities will determine stock performance in the sector [2][8] Group 1: Electricity Shortage Crisis - U.S. data center developers are expected to face a 10-20% electricity supply gap in the coming years, particularly in 2027 and 2028 [3][4] - Most new data center project agreements are set for delivery between 2028 and 2030, indicating a potential supply vacuum in 2026 and 2027 [3][4] Group 2: Off-Grid Solutions Demand - The demand for off-grid solutions is surging as developers face increasing challenges with grid access and political backlash from rising residential electricity prices [6][7] - Popular off-grid solutions include natural gas turbines, reciprocating engines, and fuel cells, complemented by battery storage systems [6][7] Group 3: Execution Year and Market Dynamics - Improved trading conditions are anticipated for electricity and data center developers, but significant execution risks remain, making 2026 a pivotal year for project success [8] - The market's core trading logic is shifting towards "time to power," emphasizing the urgency of electricity supply solutions [8][9] Group 4: Investment Opportunities - There is optimism for significant reconfiguration trades of Bitcoin to data centers in 2025 and 2026, providing time advantages and lower execution risks [9] - Companies involved in the natural gas value chain and off-grid solution providers are highlighted as key investment opportunities in the context of AI deployment bottlenecks [9]

据介绍，北极寒流过境后，在得克萨斯州、宾夕法尼亚州等主要产区，严寒已导致井口设备冻结和管道 压力异常，部分气田产量出现显著下滑。更严峻的挑战在于运输网络，为了保障主干管网不因过载而崩 溃，部分地区不得不启动应急预案，削减对工业用户的供应，优先保障居民供暖与电厂发电。 中化新网讯12月2日，由于北极寒流影响北美大陆天然气产区，美国天然气期货价格飙升至每百万英热 单位5美元，创下近三年新高。市场人士表示，这一价格飙升不仅反映了市场对供暖需求激增的预期， 也更深层次地暴露了在极端天气下整个天然气基础设施体系所面临的系统性压力。 这种紧张局面迅速产生了外溢效应。美国国内供应优先政策导致液化天然气出口终端削减了对外发货 量，影响了全球LNG市场的短期供应，推高了国际价格。为应对危机，美国能源部门已启动一系列紧 急措施，包括协调跨境资源、启用替代能源储备以及对非必要工业用户实施限量供应等。(赵华) 此次危机的核心在于基础设施的物理极限与极端天气的冲突。美国的天然气管网存在老化问题，相当比 例的管道已超期服役数十年，其在持续超低温环境下的可靠性与密封性面临严峻考验。与此同时，整个 系统的弹性不足，区域间管网互联互通不够充分 ...

此次危机的核心在于基础设施的物理极限与极端天气的冲突。美国的天然气管网存在老化问题，相当比 例的管道已超期服役数十年，其在持续超低温环境下的可靠性与密封性面临严峻考验。与此同时，整个 系统的弹性不足，区域间管网互联互通不够充分，导致当寒流集中在某一区域时，难以快速从其他地区 调配资源进行补充。地下储气库虽然总量庞大，但其日提取能力和配送网络在应对需求瞬时"尖峰"时显 得捉襟见肘。 这种紧张局面迅速产生了外溢效应。美国国内供应优先政策导致液化天然气出口终端削减了对外发货 量，影响了全球LNG市场的短期供应，推高了国际价格。为应对危机，美国能源部门已启动一系列紧 急措施，包括协调跨境资源、启用替代能源储备以及对非必要工业用户实施限量供应等。 (赵华) 据介绍，北极寒流过境后，在得克萨斯州、宾夕法尼亚州等主要产区，严寒已导致井口设备冻结和管道 压力异常，部分气田产量出现显著下滑。更严峻的挑战在于运输网络，为了保障主干管网不因过载而崩 溃，部分地区不得不启动应急预案，削减对工业用户的供应，优先保障居民供暖与电厂发电。 中化新网讯 12月2日，由于北极寒流影响北美大陆天然气产区，美国天然气期货价格飙升至每百万英热 单位 ...