After the Spring Festival, the natural gas market has a good start. According to the data of business agency, on February 14, the spot price of liquefied natural gas in China was 5383.33 yuan / ton, up 34.25% from February 7. there is a certain replenishment demand in the downstream of natural gas after the festival, and some manufacturers have not started work. In addition, the price before the festival has been greatly corrected, and the natural gas has increased significantly.
The rise of overseas natural gas is also obvious. In terms of European pipeline natural gas supply, Russia accounts for nearly 40%. Affected by the tension in Ukraine, the price of European natural gas rises rapidly. At present, natural gas inventories have fallen to an all-time low. European natural gas inventories in January 2022 were about 18 billion cubic meters less than the same period in 2021, European natural gas futures rose 8.7% yesterday. in the United States, natural gas inventories have fallen for 12 consecutive weeks, and U.S. natural gas futures rose 6% yesterday.
the importance of natural gas is highlighted in the context of energy transformation
As a kind of clean energy, liquefied natural gas has been vigorously promoted in recent years. According to the sampling analysis and comparison, natural gas, as an automobile fuel, reduces the comprehensive emission of gasoline and diesel by about 85%. Moreover, it is free of carcinogens such as lead and benzene, basically free of sulfide, and has excellent environmental protection performance.
Under the general trend of global energy transformation, the demand for natural gas is rising rapidly. In 2021, China’s apparent consumption of natural gas was 372.6 billion cubic meters, a year-on-year increase of 12.7%, which was significantly greater than that of raw coal and crude oil. Globally, BP’s world energy statistics yearbook shows that natural gas consumption increased from 3.17 trillion cubic meters in 2010 to 3.81 trillion cubic meters in 2020, an increase of 20.27%.
In terms of output, with the rapid growth of demand, as the third largest country in global natural gas consumption, China’s natural gas output has increased rapidly. According to the National Bureau of statistics, China’s natural gas production in December last year was 19.19 billion cubic meters, an increase of 41.1% over five years ago.
According to the research report, natural gas, as an excellent transitional energy, plays a very important role in the transformation of China’s energy structure under the background of double carbon. Not long ago, natural gas futures was officially approved by the CSRC and is accelerating the listing work. The listing of natural gas futures will help to form China’s natural gas benchmark price and reduce the impact of international natural gas price fluctuations on China’s commodity prices.
natural gas concept stocks with increased performance
According to the statistics of securities times and databao, there are 45 listed companies in the A-share market that have laid out the natural gas industry chain. After the festival, natural gas concept stocks generally rose, with an average increase of 4.84%, and 7 stocks rose by more than 10%. The gains of Haimo Technologies Group Corp(300084) , Zhejiang Kingland Pipeline And Technologies Co.Ltd(002443) , Petrochina Company Limited(601857) were the top, rising by 29.51%, 13.47% and 12.55% respectively.
In terms of performance, 24 listed companies have announced the performance forecast or performance express of 2021, and 17 have increased their performance in advance. In terms of the median increase in net profit, Petrochina Company Limited(601857) , Guanghui Energy Co.Ltd(600256) , Shandong Yulong Gold Co.Ltd(601028) , Xinjiang Xintai Natural Gas Co.Ltd(603393) are expected to rank first.
According to the performance forecast of Xinjiang Xintai Natural Gas Co.Ltd(603393) , the company is expected to realize a net profit attributable to the parent company of 1.027 billion yuan – 1.101 billion yuan in 2021, with a year-on-year increase of 186% to 207%. During the reporting period, the company grasped the strategic goal of “double carbon” and the opportunity of energy transformation, and took advantage of the continuous strengthening trend of the price of peripheral natural gas market to realize the steady growth of the price of natural gas.
Some natural gas concept stocks have attracted much attention from institutions, and 10 concept stocks have obtained institutional ratings. The top rating companies are Yantai Jereh Oilfield Services Group Co.Ltd(002353) , Shenzhen Gas Corporation Ltd(601139) , Enn Natural Gas Co.Ltd(600803) , with 18, 13 and 10 respectively.
According to the performance express, the company achieved an operating revenue of 21.437 billion yuan in 2021, a year-on-year increase of 42.77%, a net profit attributable to the parent company of 1.342 billion yuan, a year-on-year increase of 1.57%, and a natural gas sales volume of 4.390 billion cubic meters, an increase of 13.79% over 3.858 billion cubic meters in the same period last year.
Enn Natural Gas Co.Ltd(600803) the announcement said that in 2021, the company’s direct gas business is expected to realize a net profit attributable to the parent company of about 679 million yuan, with a year-on-year increase of about 546 million yuan. The company plans to acquire 90% equity of ENN (Zhoushan) LNG Co., Ltd. the company said that relying on its strong LNG processing capacity and storage and transportation related businesses, ENN Zhoushan has good profitability and development potential.
