本期内容提要供需格局:全球:北美产能逐步释放,需求“西强东弱”。2025年至今全球天然气供需在时间上呈现“前紧后松”,空间上呈“西强东弱”格局。供应端,LNG产能稳步释放,美国出口大幅领跑,全球LNG供应进一步向北美和中东集中。需求端,亚洲市场基本面偏弱,LNG进口大幅缩减,中国贡献主要缩量。欧洲市场管道气替代需求强劲,LNG进口高增。价格方面,全年呈现“前高后低”态势,并存在“欧洲溢价”重现、...
Source Link本期内容提要供需格局:全球:北美产能逐步释放,需求“西强东弱”。2025年至今全球天然气供需在时间上呈现“前紧后松”,空间上呈“西强东弱”格局。供应端,LNG产能稳步释放,美国出口大幅领跑,全球LNG供应进一步向北美和中东集中。需求端,亚洲市场基本面偏弱,LNG进口大幅缩减,中国贡献主要缩量。欧洲市场管道气替代需求强劲,LNG进口高增。价格方面,全年呈现“前高后低”态势,并存在“欧洲溢价”重现、...
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