The world's attention to the World Cup has made Qatar a country focused on the world.
November 21, there were two news items that were flooding the world.
of course, the Qatar World Cup held the "most richest in history" opening ceremony.
So what news is qualified to be ranked as the two major headlines with the "World Cup Opening"?
That is A country and Qatar have signed a long-term natural gas supply agreement to "break historical records".
This country is China. The implementation cycle of this agreement lasts for 27 years. Because the agreement only begins after Qatar completes the expansion project of the North gas field, the implementation cycle of this agreement should exceed 2050.
Regarding the World Cup, when you look through the Internet memories, you will find that in the past decade, the most discussed Chinese people are whether we can enter the World Cup finals again in 2026?
Another prediction topic is whether China can win the World Cup for the first time in the middle of this century, before 2050?
If you calculate this way, it is really interesting to predict which one is longer.
. China won the "last century big order"!
On the opening day of the World Cup, Qatar officially announced that Sinopec signed a 27-year long-term supply agreement with Qatar Energy Company. Qatar promises to transport 24 million tons of LNG natural gas to my country every year in the future.
In the context of high environmental protection and development pressures in all countries around the world, the transformation of oil and coal to the sun and wind energy seems out of reach.
Before the transition to new energy cannot be achieved quickly, traditional energy has transformed into "cleaner and cheaper" in a comprehensive way, becoming the recent direction of energy transformation in various countries.
Therefore, developing countries, including China, will reduce the use of coal resources and expand the use of natural gas in the next twenty years.
Developed countries such as Europe and the United States will reduce the direct use of oil and power generation, and expand the use of natural gas.
This way, you will understand that in the future energy transformation, whether in developed countries or developing countries, "natural gas" is definitely a demand among the urgent needs.
There are two main ways to supply natural gas globally. What is cheaper is pipeline transportation of natural gas, but what can be supplied in more sufficient quantity is LNG marine natural gas.
Although Qatar is a small country with a population of less than 3 million, Qatar has found that its natural gas reserves are second in the world and its annual total natural gas exports are fourth in the world.
Because Russia, which has the largest natural gas reserves and exports, a large proportion of it uses land pipelines to supply gas to China and Europe, so the LNG ship exports of liquefied natural gas , a small country Qatar, ranks first in the world.
So what about the natural gas demand side? Taking into account industrial gas, power generation gas, and residents' daily gas, our country has become the world's number one natural gas demand country.
Compared with oil, my country's natural gas reserves are relatively sufficient.
my country has three top "natural gas bases" in the world, namely Ordos in Inner Mongolia, Sichuan-Chongqing Basin and Tarim Basin .
These western natural gases are transported to the central and eastern industrial bases through land pipelines, so the "West-East Gas Pipeline" project has been launched.
my country's "West-East Gas Pipeline" lies not only in the three major supply bases in China, but also in the west.
are the Central Asian natural gas pipelines that the five Central Asian countries supply gas to my country, the Siberian natural gas pipeline that Russia supplies gas to my country, and the China-Myanmar natural gas pipeline that was opened under huge external pressure in the past few years.
The provinces of entry of these pipelines are also in the west, and they all need long pipeline transportation to play a role in industrial bases and densely populated provinces in the east.
Under such a background, the three land import pipelines and the three major domestic bases serve as more as the "cornerstones and guarantees" of domestic natural gas.
In peacetime, the most convenient natural gas supply for eastern industries and residents was also the LNG import of eastern ports.
In 2017, my country's maritime LNG import exceeded the land channel, and Qatar became my country's second only to Australia's import source.
Once the annual 4 million tons agreement takes effect, Qatar will surpass Australia and become my country's largest partner in LNG imports in the next 30 years!
. Europe is very sad, but the crux of the problem lies in its own short-sightedness
Whether it is developed or developing countries, natural gas demand will grow in the next thirty years.
What's more, after the conflict between Russia and Ukraine intensifies this year and the Nord Stream pipeline is bombed again, the demand for LNG in Europe will only surge in the future.
Under such a background, the price of LNG will definitely rise in the future. As the number one exporter of LNG, Qatar is more pleasant to "earn high spot prices" than "long agreement" profit ?
And we have seen news in the past six months, and all European countries have been driven crazy by the energy crisis caused by the Russian-Ukrainian conflict. The price of natural gas in Europe has increased by more than ten times in a few months, and Qatar is making money by selling spot stocks!
And in the past six months, leaders of many European countries have achieved mutual visits with Qatar leaders. To put it bluntly, leaders of many European countries "call for excitement".
But from the results, only China signed this "last century order".
Why?
The first reason is that only China can formulate energy plans for up to thirty years.
European leaders are asking for help from Qatar, and every country is crazy and willing to pay high prices. But the most core problem is that no country can sign a "three-year natural gas agreement."
This year, European countries are urgently seeking air from Qatar due to the Russian-Ukrainian conflict. If the situation in Russia-Ukraine eases or stabilizes in the next one or two years, will the West agree that Russia will rebuild the Nord Stream natural gas pipeline?
Qatar's northern gas field is the world's largest single natural gas field, but the expansion of natural gas capacity requires stable demand, so what Qatar pursues is of course to make long-term money in the next few decades, rather than speculation and short-term profits and quick money running away.
The second reason is that only China's energy imports can be "independent and independent". China has decided to import 4 million tons of natural gas to Qatar every year. This will not affect this long-term agreement because of China-Russia relations, China-US relations, and China-Iran relations.
In contrast, the energy crisis in Europe, mainland European countries is the root cause of the United States forcing EU to "decouple" from Russia.
The United States took ruthless measures to cut off the EU's natural gas channels, not to allow Qatar to make excess profits, but the United States' LNG natural gas, the United Kingdom's oil and natural gas, both want to sell it to Europe and replace Russia's energy market.
purely considers the market price. Qatar natural gas transportation to Europe, of course, has more advantages in price and delivery time.
However, the Russian-Ukrainian conflict made Qatar understand that under the coercion of the United States' military and ideology, EU countries will definitely "violate market rules" and are forced to choose the United States and Britain, which is more expensive, but more "democratic and free" natural gas.
The third reason is that no matter how global energy changes in the next thirty years, China's largest single demand market in the world can stably accommodate "4 million tons of natural gas demand".
In other words, in the future, China, the United States and Europe will undergo new energy changes, and promote the electrification of solar energy and automobiles, but in the process of replacing oil and coal, natural gas demand has been determined to grow within decades.
is also China, which can give Qatar the most certain and largest natural gas growth market.
3. Large orders in 27 years are very expensive, but we also have channels to make money back!
This time, neither Sinopec nor Qatar Energy Company disclosed the total amount of orders for the 27-year long-term supply agreement. However, after the industry's authoritative calculation, it believes that this super order will exceed US$60 billion.
Qatar's natural gas is "given by God". You can easily earn 60 billion US dollars by relying on the heavens. And these dollars are earned by us through hard work, and will be delivered to Qatar in the next twenty years. Many Chinese people are still very uncomfortable.
However, Qatar's oil and natural gas exports account for 80% of the country's foreign exchange income. After Qatar earns Foreign exchange , it has invested in domestic infrastructure and consumption.
is the most wealthy World Cup in history held with an investment of US$220 billion. Most of this money has been invested in infrastructure, and a large part of Qatar's infrastructure is made in China.
At this Qatar World Cup, there were strong "Chinese elements" in all aspects, and behind it was that we made the money we paid to Qatar for buying energy.
my country makes money from Qatar, not just the infrastructure of this World Cup, but also the "LNG export supply chain" itself. The 60 billion US dollars we have paid can make back a large part of it.
For example, the agreement we signed with Qatar is that Qatar Energy Company is responsible for the transportation of natural gas. We only receive goods at our own ports, so Qatar Natural Gas Company must build more LNG transport ships.
Just last year, the orders for 100 LNG ships between Qatar Energy and Chinese ships were worth more than 20 billion.
After Qatar signed a new annual order of 4 million tons of natural gas with my country, Qatar Natural Gas Company announced that it would build 100 more natural gas ships next year. Currently, China and South Korea have the technology and production capacity to manufacture LNG ships in the world.
With my country signing ultra-long natural gas orders, it is of course a good thing for my country's ship manufacturing companies to win ship manufacturing orders.
In addition, the annual supply of 4 million tons of natural gas we signed this time is the "East Section Expansion Project" of Qatar's northern gas fields. While Sinopec signs the purchase agreement, it will also obtain at least 5% of the shares , which is a major breakthrough for my country in overseas natural gas fields!
So we have to pay 60 billion US dollars only from the 27-year natural gas supply agreement, but if we consider the needs of Qatar's natural gas expansion, domestic infrastructure, 2030 national transformation plan, new ship construction and other needs, we will earn no less than a few billion US dollars every year. After 27 years, we will still earn it.
This year, the Chinese team cannot appear in the Qatar World Cup, but China has signed a 27-year-old century order that none of Europe and the United States can win.
In 2050, the execution of the large order for Zhongka Century Natural Gas expired. I wonder if the Chinese team will win the World Cup for the first time at that time? If you can't get it, the "national fortune balancer" meme will be truly worthy of it!
Under such a background, the three land import pipelines and the three major domestic bases serve as more as the "cornerstones and guarantees" of domestic natural gas.
In peacetime, the most convenient natural gas supply for eastern industries and residents was also the LNG import of eastern ports.
In 2017, my country's maritime LNG import exceeded the land channel, and Qatar became my country's second only to Australia's import source.
Once the annual 4 million tons agreement takes effect, Qatar will surpass Australia and become my country's largest partner in LNG imports in the next 30 years!
. Europe is very sad, but the crux of the problem lies in its own short-sightedness
Whether it is developed or developing countries, natural gas demand will grow in the next thirty years.
What's more, after the conflict between Russia and Ukraine intensifies this year and the Nord Stream pipeline is bombed again, the demand for LNG in Europe will only surge in the future.
Under such a background, the price of LNG will definitely rise in the future. As the number one exporter of LNG, Qatar is more pleasant to "earn high spot prices" than "long agreement" profit ?
And we have seen news in the past six months, and all European countries have been driven crazy by the energy crisis caused by the Russian-Ukrainian conflict. The price of natural gas in Europe has increased by more than ten times in a few months, and Qatar is making money by selling spot stocks!
And in the past six months, leaders of many European countries have achieved mutual visits with Qatar leaders. To put it bluntly, leaders of many European countries "call for excitement".
But from the results, only China signed this "last century order".
Why?
The first reason is that only China can formulate energy plans for up to thirty years.
European leaders are asking for help from Qatar, and every country is crazy and willing to pay high prices. But the most core problem is that no country can sign a "three-year natural gas agreement."
This year, European countries are urgently seeking air from Qatar due to the Russian-Ukrainian conflict. If the situation in Russia-Ukraine eases or stabilizes in the next one or two years, will the West agree that Russia will rebuild the Nord Stream natural gas pipeline?
Qatar's northern gas field is the world's largest single natural gas field, but the expansion of natural gas capacity requires stable demand, so what Qatar pursues is of course to make long-term money in the next few decades, rather than speculation and short-term profits and quick money running away.
The second reason is that only China's energy imports can be "independent and independent". China has decided to import 4 million tons of natural gas to Qatar every year. This will not affect this long-term agreement because of China-Russia relations, China-US relations, and China-Iran relations.
In contrast, the energy crisis in Europe, mainland European countries is the root cause of the United States forcing EU to "decouple" from Russia.
The United States took ruthless measures to cut off the EU's natural gas channels, not to allow Qatar to make excess profits, but the United States' LNG natural gas, the United Kingdom's oil and natural gas, both want to sell it to Europe and replace Russia's energy market.
purely considers the market price. Qatar natural gas transportation to Europe, of course, has more advantages in price and delivery time.
However, the Russian-Ukrainian conflict made Qatar understand that under the coercion of the United States' military and ideology, EU countries will definitely "violate market rules" and are forced to choose the United States and Britain, which is more expensive, but more "democratic and free" natural gas.
The third reason is that no matter how global energy changes in the next thirty years, China's largest single demand market in the world can stably accommodate "4 million tons of natural gas demand".
In other words, in the future, China, the United States and Europe will undergo new energy changes, and promote the electrification of solar energy and automobiles, but in the process of replacing oil and coal, natural gas demand has been determined to grow within decades.
is also China, which can give Qatar the most certain and largest natural gas growth market.
3. Large orders in 27 years are very expensive, but we also have channels to make money back!
This time, neither Sinopec nor Qatar Energy Company disclosed the total amount of orders for the 27-year long-term supply agreement. However, after the industry's authoritative calculation, it believes that this super order will exceed US$60 billion.
Qatar's natural gas is "given by God". You can easily earn 60 billion US dollars by relying on the heavens. And these dollars are earned by us through hard work, and will be delivered to Qatar in the next twenty years. Many Chinese people are still very uncomfortable.
However, Qatar's oil and natural gas exports account for 80% of the country's foreign exchange income. After Qatar earns Foreign exchange , it has invested in domestic infrastructure and consumption.
is the most wealthy World Cup in history held with an investment of US$220 billion. Most of this money has been invested in infrastructure, and a large part of Qatar's infrastructure is made in China.
At this Qatar World Cup, there were strong "Chinese elements" in all aspects, and behind it was that we made the money we paid to Qatar for buying energy.
my country makes money from Qatar, not just the infrastructure of this World Cup, but also the "LNG export supply chain" itself. The 60 billion US dollars we have paid can make back a large part of it.
For example, the agreement we signed with Qatar is that Qatar Energy Company is responsible for the transportation of natural gas. We only receive goods at our own ports, so Qatar Natural Gas Company must build more LNG transport ships.
Just last year, the orders for 100 LNG ships between Qatar Energy and Chinese ships were worth more than 20 billion.
After Qatar signed a new annual order of 4 million tons of natural gas with my country, Qatar Natural Gas Company announced that it would build 100 more natural gas ships next year. Currently, China and South Korea have the technology and production capacity to manufacture LNG ships in the world.
With my country signing ultra-long natural gas orders, it is of course a good thing for my country's ship manufacturing companies to win ship manufacturing orders.
In addition, the annual supply of 4 million tons of natural gas we signed this time is the "East Section Expansion Project" of Qatar's northern gas fields. While Sinopec signs the purchase agreement, it will also obtain at least 5% of the shares , which is a major breakthrough for my country in overseas natural gas fields!
So we have to pay 60 billion US dollars only from the 27-year natural gas supply agreement, but if we consider the needs of Qatar's natural gas expansion, domestic infrastructure, 2030 national transformation plan, new ship construction and other needs, we will earn no less than a few billion US dollars every year. After 27 years, we will still earn it.
This year, the Chinese team cannot appear in the Qatar World Cup, but China has signed a 27-year-old century order that none of Europe and the United States can win.
In 2050, the execution of the large order for Zhongka Century Natural Gas expired. I wonder if the Chinese team will win the World Cup for the first time at that time? If you can't get it, the "national fortune balancer" meme will be truly worthy of it!
