The gas sector rose rapidly on the afternoon of the 21st. As of press time, Mineng Power’s daily limit, Shuifa Gas rose by more than 7%, Blue Sky Gas rose by more than 5%, and Guizhou Gas rose by more than 4%.
On the news, affected by concerns about strikes at Australian LNG plants, benchmark European natural gas prices rose as much as 18%.
Unions at Woodside Power Group's Northwest Shelf offshore platform announced on Sunday plans to strike as early as Sept. 2, reports said, which could ultimately disrupt liquefied natural gas (LNG) deliveries in Australia, the world's top exporter.
Hong Kong Union Securities pointed out that European gas prices will still peak in 2023, and companies with foreign re-export capabilities will benefit; domestic consumption will recover & price differences will be straightened out, and the domestic urban gas sector will benefit. Recommendations: ENN: the domestic leader in urban gas, with steady development of direct sales of gas; Blue Sky Gas: the leader in the middle and lower reaches of urban gas in Henan Province, benefiting from the province's favorable price policy & rising gas prices; JOVO Power: with LNG terminal + shipping Assets, gas sources are sensitive to gas volume growth; Tianhao environment: owning inter-provincial long-distance transmission core assets, benefiting from rising gas prices.