Guojin Securities: Boost production with domestic demand and exports, and jointly explore overseas markets in mining, processing, transportation, and application.

Guo Jin Securities research report indicates that the natural gas market in the Middle East is improving, with Saudi Arabia and Qatar increasing their production by 60% and 44% respectively by 2030. Jafurah and North Field will be further developed. 80% of the production will be used for domestic electricity and industrial purposes, while 20% will be exported to the Asia-Pacific region. By 2030, demand in the Asia-Pacific region is expected to increase by 32%, with Qatar's low-cost production dominating the expansion. The industrial chain of "EPC + equipment" is steadily rising: in 2024, the EPC contracts for oil and gas in the Middle East totaled $101.2 billion, doubling from the previous year, with Chinese contracts increasing by 117%; there is also a resonance in demand for compressors, valves, cryogenics, and gas turbines. Domestic manufacturers such as Jerry, Newway, Zhongtai, and Yingliu are entering a golden period of overseas opportunities.