--- title: "Future Energy Industry Weekly Report (03.01 - 03.08): European Gas Prices Soar" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/278307449.md" description: "The Future Energy Industry Weekly Report (03.01 - 03.08) shows that YONGTAI TECH. plans to invest 500 million yuan to build a project with an annual production capacity of 200,000 tons of lithium battery electrolyte. Meanwhile, the Hong Kong stocks related to natural gas transportation fell, with CIMC ENRIC down 10%. Goldman Sachs raised its TTF natural gas price forecast to 55 euros per megawatt-hour due to supply disruptions in Qatari liquefied natural gas. PetroChina Co., Ltd. announced that there were no undisclosed significant information due to abnormal trading fluctuations in its A-share stock" datetime: "2026-03-09T02:05:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278307449.md) - [en](https://longbridge.com/en/news/278307449.md) - [zh-HK](https://longbridge.com/zh-HK/news/278307449.md) --- > 支持的语言: [English](https://longbridge.com/en/news/278307449.md) | [繁體中文](https://longbridge.com/zh-HK/news/278307449.md) # Future Energy Industry Weekly Report (03.01 - 03.08): European Gas Prices Soar ## \* Company News > **YONGTAI TECH.: Plans to invest 500 million yuan to build a project with an annual production capacity of 200,000 tons of lithium battery electrolyte** > > YONGTAI TECH. announced on March 2 that the company plans to sign an "Investment Agreement for the Project of Annual Production Capacity of 200,000 Tons of Lithium Battery Electrolyte" with the Management Committee of Jiangsu Binhai Economic Development Zone Coastal Industrial Park, intending to invest in the construction of a project with an annual production capacity of 200,000 tons of lithium battery electrolyte in the Binhai Coastal Industrial Park, with a total investment amount expected to be 500 million yuan. > **Natural gas transportation concept Hong Kong stocks decline further, CIMC ENRIC down 10%** > > According to Caixin, on March 3, natural gas transportation concept Hong Kong stocks fell. As of the time of writing, CIMC ENRIC (03899.HK) was down 10%, and CIMC Group (02039.HK) was down 8%. On the news front, the transportation through the Strait of Hormuz, which carries about one-fifth of the world's liquefied natural gas (LNG) exports, has stagnated. Qatar Energy, the world's largest LNG producer, suspended LNG production on March 2. CIMC Group has previously stated that the risks associated with this strait could affect global energy transportation and theoretically further catalyze the global energy transition to new energy sources such as LNG. Its subsidiary CIMC ENRIC is the only comprehensive service provider in China with a full industry chain layout around natural gas. > **According to Caixin on March 3, Goldman Sachs stated that due to the interruption of Qatari LNG supply, it raised the TTF natural gas price forecast for April 26 from 36 euros/MWh to 55 euros/MWh (equivalent to 19 USD/million BTU).** > > According to Caixin on March 3, Goldman Sachs stated that due to the interruption of Qatari LNG supply, it raised the TTF natural gas price forecast for April 26 from 36 euros/MWh to 55 euros/MWh (equivalent to 19 USD/million BTU). > **PetroChina Co., Ltd. (00857) A-share stock trading abnormal fluctuations, no undisclosed significant information** > > According to Zhitong Finance APP, PetroChina Co., Ltd. (00857) announced that the A-share stock of China National Petroleum Corporation (referred to as "the company" or "this company") had a cumulative closing price deviation of more than 20% over three consecutive trading days on February 27, March 2, and March 3, 2026, which is classified as abnormal stock trading fluctuations according to the relevant provisions of the "Shanghai Stock Exchange Trading Rules." After the company’s self-examination and inquiries with the controlling shareholder and actual controller, as of the date of this announcement, there is no significant information that should be disclosed but has not been disclosed. > **CNOOC Chemical (03983) rises over 6%, the company is a leading domestic fertilizer and methanol enterprise** > > According to Zhitong Finance APP, CNOOC Chemical (03983) rose over 6%, as of the time of writing, it was up 6.62%, priced at HKD 3.22, with a transaction volume of HKD 117 million. On the news front, the recent conflict between the U.S. and Iran has continued to escalate. Guolian Minsheng Securities believes that the U.S.-Iran conflict may push up international methanol and urea prices. In terms of methanol, Iran is the second-largest methanol producer in the world; in terms of urea, Iran's urea production capacity accounts for about 5.4% of international urea production capacity, with actual export volume accounting for 10%-15% of international market demand, making it the second-largest urea exporter after Russia Huatai Securities previously reported that the company is a fertilizer and chemical materials company controlled by China National Offshore Oil Corporation, with a natural gas cost advantage supporting stable profitability in its urea/methanol business. In terms of future growth, the company is constructing a 1.6 million ton phosphate mine, which is expected to improve the self-sufficiency rate of phosphate fertilizer raw materials. Additionally, since the beginning of 2025, the widening price gap between international and domestic urea/phosphate fertilizers is expected to bring incremental profits from urea/phosphate exports. ## \\\* Industry Dynamics > **EU natural gas prices have surged 60% this week, reaching a three-year high** > > On March 4 local time, European natural gas futures prices surpassed €56 per megawatt-hour, continuing to rise and reaching a new three-year high. Over the past two days, natural gas prices have surged 60% due to the shutdown of Qatari liquefied natural gas facilities and the closure of the Strait of Hormuz amid escalating tensions in the Middle East. Qatar Energy's liquefied natural gas plant in Ras Laffan is the world's largest LNG export hub, and the uncertainty regarding when it will resume production has heightened concerns about supply shortages. The closure of the Strait of Hormuz has also restricted gas transportation for other major producers in the region. These ongoing disruptions have added extra pressure to Europe's already strained winter gas reserves, raising concerns about summer gas supplies. (CCTV News) > **The increase in European natural gas prices has further expanded to 32%** > > The increase in European natural gas prices has further expanded to 32%. > **European natural gas prices soar, China Resources Gas (01635) surges over 30% in early trading** > > According to Zhitong Finance APP, China Resources Gas (01635) surged over 30% in early trading, and as of the time of publication, it was up 33.33%, trading at HKD 4.12, with a transaction volume of HKD 572 million. On the news front, European natural gas prices rose over 20% after the market opened on the 2nd, and then further increased, with the rise at one point expanding to 50%, marking the largest increase since March 2022. Previously, Qatar Energy announced that it decided to suspend liquefied natural gas production due to drone attacks from Iran on two of its energy facilities. Qatar has the third-largest natural gas reserves in the world and is one of the most important natural gas producers globally. In 2025, Qatar exported 82.2 million tons of liquefied natural gas. Public information shows that China Resources Gas currently focuses on three main business areas: urban gas, environmental municipal services, and financial investment. > **Qatar Energy suspends liquefied natural gas and related product production** > > According to reports, Qatar Energy announced on March 2 that it has suspended the production of liquefied natural gas and related products. The company stated that it values its relationships with all relevant parties and will provide timely updates as new information becomes available. > **Solid-state transformers + AI data centers, the company exports immersion transformers to the U.S., and the collaboratively developed solid-state transformer prototype is nearing completion** > > The company exports immersion transformers to the U.S., and the collaboratively developed solid-state transformer prototype is nearing completion, benefiting from the global explosion in AI computing power. The company is a global leader in the production of copper, cobalt, molybdenum, tungsten, and niobium, forming a diversified anti-cyclical portfolio, with an additional gold production of 6-8 tons expected in 2026 ## \* Others > **South Korea: 70% of oil and 20% of natural gas imported from the Middle East; strategic reserves will be used in times of crisis** > > According to data from the Korea International Trade Association on March 2, South Korea imports over 70% of its oil and 20% of its natural gas from the Middle East. Currently, there have been no incidents involving the design of South Korean cruise ships and liquefied natural gas carriers, but if the crisis worsens, the government will utilize strategic reserves. > **The EU may reconsider the ban on Russian natural gas imports** > > Norway's Energy Minister Terje Aasland stated on March 3 at a meeting in Oslo, Norway, that the EU has consistently expressed a desire to reduce its dependence on Russian oil and gas, but recent events over the past three to four days have complicated the situation. Given the current geopolitical landscape, he believes discussions will resume. Aasland's comments suggest that the U.S. and Israel's strikes against Iran, as well as Iran's retaliatory actions, may prompt the EU to revisit discussions on the ban on Russian natural gas imports. It is reported that the situation in the Middle East is affecting gas exports from the Gulf region, and European natural gas prices have surged 75% this week. In January, the EU officially passed regulations to gradually ban imports of pipeline gas and liquefied natural gas from Russia. (CCTV News) > **After the interruption of Qatari liquefied natural gas production, European natural gas prices rise by 50%** > > On March 2, it was reported that European natural gas prices soared by 50% following Qatar Energy's suspension of liquefied natural gas production. > **European natural gas futures surge by 21%** > > European natural gas futures surged by 21% as Qatari liquefied natural gas exports remain suspended. > **On March 4, it was reported that Argentina's liquefied natural gas project signed an 8-year gas sales agreement with Germany.** > > On March 4, it was reported that Argentina's liquefied natural gas project signed an 8-year gas sales agreement with Germany. _This article was generated by Xiao Ou AI based on data from Yiou. If you have any questions or suggestions, please feel free to contact us through the contact information on our website._ ### 相关股票 - [YONGTAI TECH. (002326.CN)](https://longbridge.com/zh-CN/quote/002326.CN.md) - [PETROCHINA (601857.CN)](https://longbridge.com/zh-CN/quote/601857.CN.md) - [CIMC ENRIC (03899.HK)](https://longbridge.com/zh-CN/quote/03899.HK.md) ## 相关资讯与研究 - [CICC Sticks to Its Buy Rating for CIMC Enric Holdings (CIMEF)](https://longbridge.com/zh-CN/news/281132485.md) - [PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say](https://longbridge.com/zh-CN/news/281343944.md) - [PetroChina Dismisses Middle East Conflict Concerns](https://longbridge.com/zh-CN/news/281013909.md) - [PetroChina says Strait of Hormuz oil and gas supplies account for roughly 10% of its operations](https://longbridge.com/zh-CN/news/280984885.md) - [PetroChina Renews Financial Deal With Related Company](https://longbridge.com/zh-CN/news/280998322.md)