24 April 2025
Issue No.5
本要闻资讯由京都律师事务所涉外业务部编辑整理。如果您无法查看链接中的文章，请告知我们，我们会通过邮件将PDF形式的文章发送给您。
This newsletter is compiled by the International Practice Group of King&Capital Law Firm.If you have difficulties in reading cited articles,please feel free to contact us.We will send you the sources in PDF form via email.
欧盟委员会推出提升欧盟产品循环性和高效性的计划
Commission rolls out plan to boost circular and efficient products in the EU
近日，欧盟委员会通过了《可持续产品生态设计法规》（ESPR）和《能源标签法规》的2025-2030年工作计划。该计划列出了一系列在未来五年内应优先引入生态设计要求和能源标签的产品。这将促进整个欧洲的可持续、可修复、循环和节能产品的开发，符合清洁工业协议和竞争力指南针的要求。生态设计和能源标签要求的优先产品包括钢铁和铝、纺织品（重点关注服装）、家具、轮胎和床垫。这些产品是根据其在循环经济中的潜力而被选中的。在欧盟层面协调的产品可持续性要求将加强单一市场，防止贸易壁垒，改善公平竞争环境，减少行政负担，并增强提供可持续产品的企业的全球竞争力。
Recently,the European Commission adopted the 2025-2030 working plan for the Ecodesign for Sustainable Products Regulation(ESPR)and Energy Labelling Regulation.
The plan provides a list of products that should be prioritised to introduce ecodesign requirements and energy labelling over the next five years.This will foster sustainable,repairable,circular and energy efficient products across Europe,in line with the Clean Industrial Deal and the Competitiveness Compass.
The priority products for ecodesign and energy labelling requirements are steel and aluminium,textiles(with a focus on apparel),furniture,tyres and mattresses.These were selected based on their potential to deliver on the circular economy.
Harmonised product sustainability requirements at EU level will reinforce the single market,prevent barriers to trade,improve the level playing field,reduce the administrative burden,and strengthen the global competitiveness of businesses offering sustainable products.
资讯来源：
https://ec.europa.eu/commission/presscorner/detail/en/ip_25_1071
世界船用燃料掀“生物热”
The Global Marine Fuel Industry Embraces the"Biofuel Boom"
随着航运降碳需求日益旺盛，全球船舶运输正掀起“生物热”。市场研究机构DNV最新发布数据显示，经由新加坡和鹿特丹两大国际重要港口销售的生物混合燃料总量，从2021年的约30万吨增长至2024年的160万吨以上，船用生物柴油获得市场普遍关注。在航运业燃料需求持续增长的当下，具有低碳属性的生物燃料已经成为市场的“潮流之选”。
DNV在最新发布的行业白皮书中指出，目前，船用领域最为常见的两种生物柴油分别为脂肪酸甲酯和氢化植物油，其最具竞争力的特点是“即供即用”，使用传统燃料油的船舶可直接添加生物燃料实现混合使用，进而达成降碳目标。
With the increasing demand for decarbonization in the shipping industry,the global maritime transportation sector is experiencing a"biofuel boom."The latest data released by the market research firm DNV shows that the total sales volume of bio-blended fuels through the two major international ports of Singapore and Rotterdam has surged from approximately 300,000 tons in 2021 to over 1.6 million tons in 2024.Marine biofuels have garnered widespread market attention.Amid the continuous growth in fuel demand in the shipping industry,biofuels with low-carbon attributes have become the"trendy choice"in the market.
In its latest industry white paper,DNV points out that the two most common types of biofuels in the maritime sector are fatty acid methyl ester(FAME)and hydrotreated vegetable oil(HVO).Their most competitive feature is"plug-and-play."Vessels that use traditional fuel oil can directly add biofuels for blended use,thereby achieving decarbonization goals.
资讯来源：
http://paper.people.com.cn/zgnyb/pc/content/202504/07/content_30067403.html
LNG交易机制持续“进化”
“月度现货+季度预售”推动资源从“计划调配”向“市场主导”转型
LNG Trading Mechanism Continues to"Evolve"
The"monthly spot+quarterly pre-sale"mechanism drives the transition of resources from"planned allocation"to"market-led."
日前，中国石油天然气股份有限公司天然气销售分公司在重庆石油天然气交易中心成功开展4月份直供LNG工厂原料气线上竞拍交易，按新疆、西部北方、川渝贵州等区域分场次开展，首次实现中石油国内直供LNG工厂原料气区域全覆盖，全国共有48家LNG工厂参与交易。
中国石油LNG工厂原料气线上交易“月度现货+季度预售”机制通过标准化交易、跨周期风险管理和全国市场整合，推动了天然气从“计划调配”向“市场主导”转型。
Recently,the Natural Gas Sales Division of PetroChina Company Limited successfully conducted online auction transactions for direct-supply LNG plant feedstock gas for April at the Chongqing Petroleum and Natural Gas Trading Center.The transactions were carried out in separate sessions for regions such as Xinjiang,Northern Western China,and Sichuan-Chongqing-Guizhou,achieving for the first time full coverage of domestic direct-supply LNG plant feedstock gas regions by Petro China.A total of 48 LNG plants across the country participated in the transactions.
PetroChina's online trading mechanism for LNG plant feedstock gas,which combines"monthly spot+quarterly pre-sale,"promotes the transition of natural gas from"planned allocation"to"market-led"through standardized trading,cross-cycle risk management,and integration of the national market.
资讯来源：
http://paper.people.com.cn/zgnyb/pc/content/202504/07/content_30067415.html
中国石化携手宁德时代今年将建不少于500座换电站
Sinopec and CATL to Build at Least 500 Battery Swap Stations This Year
中国石化与宁德时代在北京签署产业与资本合作框架协议。根据协议，双方将全面深化长期战略合作关系，以“产业合作+资本合作”的方式，携手构建全国换电网络生态和标准建设，统一管理运营换电资产，今年将建设不少于500座换电站，未来共同致力于建设10000座换电站目标，推动我国换电站新型基础设施建设，为新能源车主提供更高效、更便捷的能源综合服务。
Sinopec and Contemporary Amperex Technology Co.,Limited（CATL）have signed a framework agreement for industrial and capital cooperation in Beijing.According to the agreement,the two parties will comprehensively deepen their long-term strategic cooperative relationship.Through a combination of"industrial cooperation and capital cooperation,"they will jointly build a national battery swap network ecosystem and standardization,unify the management and operation of battery swap assets,and construct at least 500 battery swap stations this year.In the future,they will work together towards the goal of building 10,000 battery swap stations,promoting the construction of new infrastructure for battery swap stations in China,and providing more efficient and convenient integrated energy services for new energy vehicle owners.
资讯来源：
http://paper.people.com.cn/zgnyb/pc/content/202504/07/content_30067448.html
土耳其瞄准保加利亚、伊拉克和利比亚的石油和天然气勘探
Turkey Eyes Oil&Gas Exploration In Bulgaria,Iraq And Libya
土耳其能源部长阿尔帕斯兰·拜拉克塔尔透露，土耳其目前正与保加利亚就石油和天然气勘探进行谈判，并且在伊拉克和利比亚也有类似的勘探计划。据部长介绍，土耳其国家石油公司（Turkiye Petrolleri AO，简称TPAO）将在未来一个月内与一家未具名的外国合作伙伴签署协议，以在保加利亚黑海区域进行勘探。土耳其不仅希望增加国内石油和天然气产量，还抱有成为地区能源枢纽的雄心。土耳其总统雷杰普·塔伊普·埃尔多安一直试图将土耳其定位为能源枢纽，连接东部和南部的天然气生产国与西部的市场。该国的战略地理位置和基础设施在这方面为其提供了优势。
Turkey is currently in talks to explore for oil and gas in Bulgaria,with similar plans for exploration in Iraq and Libya,Turkish Energy Minister Alparslan Bayraktar has revealed.According to the minister,state-owned energy company Turkiye Petrolleri AO(TPAO)will sign an agreement with an unnamed foreign partner within the next month to conduct exploration in Bulgaria’s section of the Black Sea.
Turkey not only wants to boost domestic oil and gas production,but also harbors ambitions to become a regional energy hub.Turkish President Recep Tayyip Erdoğan has been trying to position Turkey as an energy hub,connecting natural gas producers to its east and south with markets to the west.The country’s strategic geographical position and infrastructure give it an advantage in this regard.
资讯来源：
https://oilprice.com/Energy/Energy-General/Turkey-Eyes-Oil-Gas-Exploration-In-Bulgaria-Iraq-And-Libya.html
美国陆上油气运营商的生产与经济韧性受到关税政策变动的威胁
US onshore operators’production,economic resilience threatened by shifting tariff policy
在过去一周内，美国油气运营商遭遇了特朗普政府一系列经济政策的变动，这使得本已成熟的行业面临市场不确定性。市场研究机构Rystad Energy最新发布的数据显示，美国本土48个州的陆上油气产量将至少在2025年6月之前无法达到2023年11月创下的1137万桶/日的原油产量峰值。然而，如果近期油价下跌趋势持续，这一前景将面临严重的下行压力，迫使运营商削减钻机活动。
对于美国油气生产商而言，稳定的回报是其关注的焦点，他们希望从每一桶油中获取尽可能多的收益。对于这些致密油气生产商来说，由于市场上增长导向型的私营企业减少，以及他们持续专注于有节制的支出和适度增长，再投资率有所下降。如果特朗普总统的关税策略引发经济衰退，进而导致石油需求下降，现有的资本框架将在未来几个季度面临考验。
US oil and gas operators have encountered an avalanche of economic policy changes from the Trump administration over the last week,creating market uncertainty in an already maturing industry.Rystad Energy expects onshore Lower-48 production will fall short of the record high output of 11.37 million barrels per day(bpd)of oil,achieved in November 2023,until at least June of this year.However,this outlook faces serious downside pressure should the recent price downturn hold,forcing operators to cut back on rig activity.
Consistent returns are top of mind for US producers looking to squeeze as many dollars as possible out of their barrels.For these tight oil players,decreased reinvestment rates result from fewer growth-oriented private players on the market along with their continued focus on disciplined spending and modest growth.Existing capital frameworks will be put to the test over the coming quarters,should President Trump’s tariff strategy lead to an economic recession and,by extension,oil demand destruction.
资讯来源：
https://www.rystadenergy.com/news/us-onshore-operators-production-economic-resilience-threatened-by-shifting-tariff
随着预算收紧和勘探前景缩小，油气勘探者将目光聚焦于近场勘探
Oil and gas explorers zero in on near-field plays as budgets tighten and prospects shrink
日益增加的财务限制、大宗商品价格低迷以及潜在盆地数量减少，改变了油气行业从业者探索新储量的方式。在全球范围内，运营商正在优先考虑低风险、低成本的近场勘探或以基础设施为主导的勘探（ILX），而不是那些昂贵且高风险的勘探项目。尽管ILX并非一种新现象，但它是一种可靠的途径，利用现有的生产枢纽和管道网络，将一些可能被忽视的小型发现实现商业化。
随着价格波动加剧、可持续性压力增大以及严格的资本纪律成为核心问题，市场研究机构Rystad Energy预计今年勘探预算将几乎没有增长，维持在约500亿美元左右。根据该公司的分析，印尼、美国和挪威将成为今年ILX的热点地区。
Increasing financial constraints,a low commodity price environment and a shrinking pool of prospective basins have transformed how oil and gas players explore for new barrels.Across the globe operators are prioritizing low-risk,low-cost near field or infrastructure-led exploration(ILX)prospects instead of expensive,high-risk exploration plays.ILX,although not a recent phenomenon,is a reliable avenue that capitalizes on existing production hubs and pipeline networks to commercialize smaller discoveries that might otherwise remain untapped.
As price volatility,growing sustainability pressures and rigorous capital discipline take center stage,Rystad Energy predicts little growth of exploration budgets this year,standing at around$50 billion.According to the company’s analysis,Indonesia,the US and Norway will emerge as ILX hotspots this year.
资讯来源：
https://www.rystadenergy.com/news/oil-and-gas-explorers-zero-in-on-near-field-plays
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