【出版时间及名称】：20101013野村证券亚太地区天然气行业
      【作者】：Nomura
      【文件格式】：PDF
      【页数】：146
      【目录或简介】ContentsExecutive summary 4
Natural gas demand boom in Asia Pacific region 5
Stock picks and summary 7
China 7
Australia 8
India 9
Demand growth significant in Asia 11
Global natural gas demand 11
Asian natural gas demand 11
From being localised to becoming globalised 14
Global reserves and production 14
Asia-Pacific Natural Gas Supply 16
Abundant LNG supply in the medium term 16
Natural Gas in China 19
Natural Gas supply in China 22
Pricing getting more transparent after reforms 29
Pricing regime in China prior to 1 June 2010 29
Background to China’s domestic price changes 30
Cost of Natural Gas from different sources 31
NDRC hiked gas price in June 2010 31
Outlook for prices 33
Natural Gas in Australia 35
Domestic demand not a concern 35
Supply to outpace domestic demand 36
Australia’s LNG potential over the next five years 37
Domestic natural gas pricing: New PRRT tax rules to benefit CSG projects 40
LNG pricing expectations 40
Natural Gas in India 42
There was growth in chaos … 42
… now several positive steps have eased the chaos 42
Gas demand — significant gas appetite 43
Gas supplies — likely to double over next 6-8 years 44
Pipelines — bottlenecks to start easing soon 46
Natural Gas | Asia Pacific Cheng Khoo
Nomura 3 13 October 2010
Latest company views
PetroChina 48
Sinopec 60
CNOOC 68
Kunlun Energy 77
Woodside Petroleum 84
Oil Search 90
Santos 95
Origin Energy 100
Reliance Industries 105
GAIL 109
Gujarat State Petronet 113
Petronet LNG 117
Indraprastha Gas 121
Gujarat gas 126
Appendix 130