在能源相互替代与竞争中提振石油业信心.PDFVIP

在能源相互替代与竞争中， 提振石油业信心 闫建涛 原高盛中国首席油气分析师 2016年4月（更新版） 1 Disclaimer 免责声明 The information contained in these slides represent the opinions of the presenter and may not reflect the opinions of the employer and its management. The slides are for discussion only and are not intended to provide technical, commercial, legal or financial advice. Please seek independent advice with respect to any particular issue or problem that you may have related to the subject matter of these slides. This presentation contains forward-looking statements, particularly those regarding economy, energy supply and demand, efficiency, technology, costs, prices, commercial, and policies. Forward-looking statements involve risks and uncertainties because they relate to events, and depend on circumstances, that will or may occur in the future. The presenter disclaims any obligation to update this presentation and shall not accept liability for any inaccuracies or omissions or for any direct, indirect, special, consequential or other losses or damages of whatsoever kind in connection to this presentation or any information contained in it. All data and materials are publicly available. Please do not distribute these slides externally, without prior permission. 本报告的内容代表演讲者个人的意见而非雇主公司及其管理层的意见。仅为讨论提供便利，而非提供技术、商务、法律或 财务建议。如对幻灯片讨论的题目或内容有任何问题，请寻求独立的咨询。 本报告的内容包含前瞻性的陈述，特别是关于经济、能源供需、效率、技术、成本、价格、商业、政策等方面。前瞻性陈 述蕴含风险和不确定性。报告人不承担更新本报告的任何义务，不对与本报告或其所载任何资料有关的任何谬误或遗漏， 或任何类型的直接、间接、特别、连带或其他损失或损坏承担责任。 所有数据和材料均来自于公开信息。未经许可请勿对外转发任何幻灯片。 22 日程 1. 石油市场展望 2. 石油行业深处在能源替代与竞争中 3. 电气化推动了二次能源（电）与一次能源（煤油气）的竞争 4. 新能源商业模式对油品市场的冲击及启示 5. 碳定价给能源替代竞争添加了很多复杂性 6. 石油行业寻求应用领域的新纵深