Mechanical equipment industry: High natural gas landscape gas content, peak shaving, gas refueling stations, and storage and transportation devices are expected to grow
Release time ：
2015-07-07
By reducing carbon dioxide emissions by 33 tons, the price of natural gas is lower than that of diesel and liquefied gas, only lower than that of coal, and the energy-saving and emission reduction benefits are considerable. Coal accounts for a large proportion of primary energy in China. As a clean energy, natural gas accounts for only 4.03% of primary energy, far less than 23.8% of global natural gas consumption. Coal accounts for 70.45% of primary energy, so improving the energy structure and increasing the proportion of natural gas is an effective way to reduce emissions.
The consumption of natural gas maintained a growth of over 20% from 2013 to 2015. The 12th Five Year Plan for Natural Gas proposes that the proportion of natural gas in the total consumption of primary energy will increase from the current 4% to more than 7.5% by 2015. The annual growth rate of energy consumption in China is 7.1%. Assuming that the annual growth rate of energy consumption in China is 7.5%, it is expected that the consumption of natural gas will maintain a growth rate of over 20% from 2013 to 2015. In 2015, the demand for natural gas reached 250 billion cubic meters. The compound growth rate of residential gas and natural gas for automotive gas will be higher than 8% and 29% respectively.
China will form a supply system mainly consisting of pipelines and supplemented by LNG. According to the 12th Five Year Plan, the domestic natural gas supply capacity will reach around 176 billion cubic meters in 2015. Among them, conventional natural gas is approximately 138.5 billion cubic meters; Coal to natural gas is approximately 15-18 billion cubic meters; The ground development and production of coalbed methane is approximately 16 billion cubic meters. According to the signed contract, by 2015, China will import approximately 93.5 billion cubic meters of natural gas annually. During the 12th Five Year Plan period, China will form a supply pattern of "West East Gas Transmission, North South Gas Transmission, Sea Gas Landing, and Nearby External Supply". Based on the existing and ongoing projects, we believe that the supply capacity will exceed the planned amount in advance.
The natural gas industry chain involves equipment such as mining equipment, pipelines, liquefaction, storage and transportation. Mining equipment is similar to oil mining equipment, and there is a high demand for large compressors and ball valves in pipeline construction. The construction of liquefaction, storage and transportation, and urban gas stations brings opportunities to relevant listed companies. According to the 12th Five Year Plan, China will construct 24 key projects, with a total designed working gas volume of 25.7 billion cubic meters and a total investment of 81.1 billion yuan. If 10% of LNG gas storage is used, it will bring an 8 billion yuan market; the market capacity of gas station equipment is about 7.1 billion yuan. In the next five years, the industry will maintain a relatively high level of prosperity.