Xu Dong Indian Petroleum Planning General Institute

On June 18, the International Petroleum Corporation released news, saying that it had reached an agreement with the Singapore Temasek Holdings Company and will acquire all its LNG traders & mdash; & mdash; all shares of Pavilion Energy.Completed in the first quarter.It is foreseeable that the transaction will have a profound impact on the Asian and even the global LNG market.In the context of global energy transformation, the transaction may be an important sign to change the global energy market competition pattern.

In recent years, European International Petroleum Corporation has responded to slow response and less in the international oil and gas mergers and acquisitions market.Compared with the M & A of Pioneer Resources and Chevron's M & A in ExMobil, the performance of European International Petroleum Corporation's performance in the oil and gas and renewable energy mergers and acquisitions market is slightly inferior.The acquisition of Lanting Energy this time reflects the three new trends in European International Petroleum Corporation.

Trend 1: Optimize and strengthen the natural gas industry chain. Doing natural gas business is the strategic focus of energy transformationAhmedabad Stock

Shell has the largest natural gas liquefaction and marketing combination of international oil companies, which can meet nearly one -fifth of natural gas needs in the world.Earlier this year, Shell predicts that LNG will play an important role in the global energy transformation in the future, which can not only effectively replace coal power generation and reduce carbon emissions, but also provide the flexibility required to provide power systems needed to provide power systems with the rapid growth of renewable energy power generation.EssenceIt is expected that by 2040, global LNG demand will increase by more than 50%.In the future, the growth of the global natural gas market is mainly in AsiaAgra Stock. Except for the India and India markets, the demand for emerging markets in South Asia and Southeast Asia will absorb some global supply growth due to the "coal -to -gas" policy and economic growth.In addition, after the Ukrainian crisis in 2022, Russia has fallen sharply on the natural gas exports of European pipelines, and LNG will play a vital role in European energy security.To this end, the shell plan will expand its LNG business by 20%& mdash; 30%on the basis of 2022, and the purchase volume will increase by 15%& mdash; 25%on the basis of 2022.

Not only is shell, it is expected that European international oil companies such as BP, Daedal Energy, Aquino and Enei will continue to strengthen investment in all aspects of the entire industrial chain of the natural gas business, and they will also take frequent shots in the natural gas mergers and acquisitions market.One of the two pillars of Daidal's energy transformation strategy is the LNG business.In 2023, Daedal's energy achieved net profit of US $ 23.176 billion, a year -on -year decrease of 36%, but LNG's business profit increased significantly, to a certain extent offset the negative impact of the decline in refining profits and weak European chemical demand.Recently, Daedal Energy has increased natural gas exploration investment in South Africa, Namibia and Surinan region. It acquired 50%of Malaysia's natural gas producer SAPURAOMV. It announced that it signed 800,000 tons per year with Indian Petroleum Corporation and South Korean Southeast Electric Power Corporation in Asia.And the medium and long -term protocol for 500,000 tons of LNG.These all illustrate the new trend of Daedal energy energy transformation.Benefiting from the steady growth of the LNG business, the profit of LNG business in the fourth quarter of 2023 was as high as 2.4 billion US dollars, accounting for about one -third of its total annual profit.From April this year, shells have negotiated with Abu Dhabi National Petroleum Corporation to purchase shares of its next LNG export project and accelerate the operation of the PRELUDE LNG factory in AustraliaSurat Stock. This also reflects this feature.

It can be seen that, due to the limitations of resource endowment and environmental issues, European International Petroleum Corporation represented by Shell, BP, and Daidal Energy will focus on the global natural gas market, including Asia as the strategic focus of subsequent energy transformation.

Trend 2: The sign of energy transformation from radical to a stable sign is to reduce the reduction of oil and gas business reduction plans, and continuously "increase gas to increase qi" on the basis of "stabilizing oil and oil reduction"

The European International Petroleum Corporation has reflected on the effect of the early energy transformation strategy. The pace of energy transformation has become more secure. The reality of reducing excessive cutting of oil and gas business is also actively adjusting and reducing the early reduction goals.For example, in its latest transformation strategy, BP has raised the target of oil and gas output in 2025 and 2030 to 2.3 million barrels/day and 2 million barrels/day, respectively, an increase of 300,000 barrels/day and 500,000 barrels per day, respectively.Day; canceled the plan to reduce production capacity to 1.5 million barrels/day by 2025, and further reduced to 1.2 million barrels/day in 2030.For another example, in March of this year, the Shell released "Energy Transformation Strategy 2024", which reduced the 20%reduction of energy product carbon strength reduction in 2030 from the original level in 2016 to 15%.Set up the goal of reducing the company's carbon strength by 45%by 2035.

It can be seen that European International Petroleum Corporation faces the scene of the international oil and gas market prosperity cycle, high oil and gas prices, rich oil and gas business profitability, and poor investment efficiency of renewable energy.The urgent request had to greatly change the initial radical energy transformation model and reduce the target of oil and gas reduction.

Under this change, in order to maintain the stable amount of oil and gas output, European international oil companies such as shells, BP, and Daedar Energy do more are to further reduce oil business, peel off oil assets, reduce oil production, while maintaining natural gas output steadily increased steadily, To big and strengthen the natural gas industry chain, optimize and improve the combination of natural gas assets.For example, shells have recently agreed to sell their Singaporean oil refining and petrochemical assets to CAPGC; negotiate with Saudi Amei and sell their gas stations in Malaysia.Similar to "oil reduction and gas" also occurred in European international oil companies such as BP and Da Dal Energy.European International Petroleum Corporation did not hesitate to choose decisive entering and incremental development for high -quality natural gas business and assets.

Trend III: The degree of importance to ESG has decreased, and energy transformation pays more attention to synergy and coupling

Although countries around the world have reached the "UAE Consensus" on COP28, the debate on climate change issues has never stopped.A few years ago, the ESG concept, strategy and implementation of the European International Petroleum Corporation were leading the United States International Petroleum Corporation. It was not only reflected in the advancement of BP, Shell, and Daedal Energy to announce the advancement of the company's net zero target plan, but also reflected in vigorously.Reduce the proportion of high -carbon services such as oil and gas and vigorously develop low -carbon businesses such as renewable energy power generation.

After entering 2024, the situation seems to be reversed.First of all, based on the consideration of ensuring energy security, the EU may give up ambitious climate goals, and the net zero emission target may be postponed until 2060; then the energy transformation expenditure of the global oil and gas industry has slowed down for the first time in 2023.After 5 years of rapid growth, the expenditure of energy transformation of the global oil and gas industry in 2023 accounted for 6.5%of the total capital expenditure, the lowest since 2020; in 2023, the investment in the low -carbon assets of the oil and gas industry was US $ 26.8 billion.Fall 17%from 2022.Based on this, European International Petroleum Corporation attaches more importance to the development of oil and gas and renewable energy than before, and pays more attention to the implementation of oil and gas business and renewable energy business in accordance with relevant diversified ideas.Pay more attention to the balanced development of oil and gas business, renewable energy power generation business and new energy vehicle charging business.

According to the annual report data disclosure of European International Petroleum Corporation, recent market performance and investment project decision -making information, European International Petroleum Corporation should follow up and maintain the following three development characteristics.First, according to the trend of international oil and gas prices, maintain or continue to reduce the planning of oil and gas business, further realize the balance of short -term profitability and long -term sustainable development of enterprises; second, based on the reflection of the energy transformation strategy in the early stage, the balanced development of the oil and gas and renewable energy business is implemented., Natural gas, renewable energy power generation and new energy vehicle charging business will gradually develop into key businesses; third, the ESG strategy implementation is more pragmatic, pursuing the market value performance, profit and debt optimization, and ESG performance of listed companies to further realize enterprisesMulti -dimensional development balance.

Lanting Energy is a wholly -owned subsidiary of Temasek Holdings of Singapore. Its global energy business covers LNG trade, shipping, natural gas supply and sales of Asia and Europe.The contract supply of the contract comes from a number of international energy companies such as Chevron, BP, Qatar Energy, with a LNG contract of about 6.5 million tons/year and a license to imported fuels to Singapore.Long -term permits.The transaction includes Lanting Energy in the ISIEGRAIN LNG terminal of about 2 million tons/year in the ISIEGRAIN LNG terminal, the re -gasized channel assets in Singapore and Spain, and the largest shipping port in the world & mdash; & mdash;LNG plus injection ability.

The Asian market is an important part of Shell's global natural gas strategy.Acquisition Lanting Energy complies with the requirements of the financial internal yield decision index requirements for the shell natural gas integration project, which can help the shells to further expand the channels of entering the Asian and European natural gas markets, further increase their share in the Asian natural gas market, and further enhance the global natural gas asset investment portfolio and investment portfolio andDevelop flexibility and further strengthen the leadership of the global LNG business field.

Singapore Temase Holdings sells Lanting Energy this time, which means that under the depth adjustment of the global energy pattern, Temasek Holdings Company wants to quickly recover funds at one time, providing financial support for future investment in other high growth businesses. At the same time, the transaction will also help helpIn promoting the internationalization of the Singapore energy market, it attracts more investment in international energy companies.