According to the Guojin Securities Research Report, the Middle East gas boom is improving, Saudi Arabia and Qatar will increase production by 60% and 44% respectively in 2030, and Jafurah and North Field will increase development. 80% domestic demand for power generation and industry, 20% LNG exports to Asia Pacific, demand in Asia Pacific increased 32% in 2030, and Qatar led the expansion of production at low cost. “EPC+ equipment” in the industrial chain has risen sharply: in 2024, the Middle East oil and gas EPC contract was US$101.2 billion, doubling the previous year, and the Chinese contract amount was +117%; demand for compressors, valves, cryogenic cooling, and gas turbines resonated. Domestic manufacturers such as Jerry, Neway, Zhongtai, and Yingliu have ushered in a golden period overseas.

According to the Guojin Securities Research Report, the Middle East gas boom is improving, Saudi Arabia and Qatar will increase production by 60% and 44% respectively in 2030, and Jafurah and North Field will increase development. 80% domestic demand for power generation and industry, 20% LNG exports to Asia Pacific, demand in Asia Pacific increased 32% in 2030, and Qatar led the expansion of production at low cost. “EPC+ equipment” in the industrial chain has risen sharply: in 2024, the Middle East oil and gas EPC contract was US$101.2 billion, doubling the previous year, and the Chinese contract amount was +117%; demand for compressors, valves, cryogenic cooling, and gas turbines resonated. Domestic manufacturers such as Jerry, Neway, Zhongtai, and Yingliu have ushered in a golden period overseas.