Natural gas mining equipment faces opportunities for promising energy prospects

As a major producer and consumer, China’s sustainable development is based on sustainable development of resources, with a focus on oil and gas production and supply. Compared with the equivalent amount of coal, natural gas has high calorific value, high efficiency, and low pollution, and it is worth developing vigorously. During the "12th Five-Year Plan" period, in order to improve energy efficiency and control environmental pollution, it is necessary to achieve energy structure adjustment and vigorously develop natural gas. Its equipment industry will enter a stage of practical leapfrogging.

China's natural gas reserves are abundant, and the conventional natural gas prospective resources amount to 56 trillion cubic meters. However, natural gas consumes only 4% of primary energy, far below the world's average of 24%, and there is ample room for development. According to the “12th Five-Year Plan” for natural gas, natural gas consumption in China will increase by around 25% in the next five years, and the demand will reach 260 billion cubic meters in 2015. The gap between supply and demand will continue to expand, while the import prices through pipelines and LNG will remain high. Energy security concerns will intensify the exploration and development of domestic natural gas resources and support unconventional natural gas technological advancement and commercial development.

China boasts abundant shale gas resources and recoverable reserves of 30 trillion cubic meters. Drawing on successful experience from abroad, the conditions for development are maturing. At present, China's shale gas development is in its infancy, and vigorously advancing shale gas exploration and development in China Basically reached a consensus. The “Twelfth Five-Year Plan” proposes an annual output of 6.5 billion cubic meters. Currently, the continuous progress of horizontal drilling and fracturing technologies has finally succeeded in realizing the economic development of shale gas. Currently, horizontal wells have been maturely applied in the field of oil and gas exploration in China, but pressure Cracking technology and dosing have yet to be improved.

The demand for natural gas has increased. The capital expenditures of the three giants have been relatively determined. They will directly stimulate the equipment and technology providers for exploration and development, equipment, instruments, spare parts and special tools for exploration and development operations, and enjoy exemption of import tariffs and import value-added tax. It is a general trend to form import substitution in the next five years.

Among the listed companies, the main domestic products in the related chain include pipelines, instrumentation, compressors, fracturing trucks, and gas engines. Focus on Jereh, Jiangling, Shenkai, Tongyuan, Haimo, Guangdian, Hekang, and other equipment and technical service providers, and look forward to the exploration software and technology providers such as Hengtai Aip and Potential Hengxin. .