伯恩斯坦能源日报 - 7月10日

e es, analyst certifications and other www.bernsteinresearch.com : Venture Global to supply additional LNG to German firm from Calcasieu Pass 2 (Reuters). Venture Global will supply anadditional O.75 million tonnes per annum of liquefied natural gas to Germany-based distributor SEFE Energy GmbH, the twocompanies said on Wednesday. Venture Global will supply the LNG from Calcasieu Pass 2 (CP2) project for 20 years, bringing theAPAC·Asian players extend key long-term gas supply deal (Upstream). India's Gail has extended a crucial long-term gas sale andpurchase agreement with compatriot Oil India (OlL) for potential gas supplies from the latter's Rajasthan assets. The 15-yearagreement involves the supply of up to "g00,000 cubic metres per day of natural gas from Oil India's Bakhri Tibba block in Rajasthancovering [the] Dandewala, Tanot and Bagi Tibba fields", Gail said in a statement on Wednesday. The Indian gas marketing giant notedthat the agreement highlights the "collaborative approach" by Gail and Oil India to enhance energy security and accessibility in thecountry.9CeS微信EUROPEAN OIL & GASBERNSTEIN|SOCIETECENERALECROUP MODELSBP/.LN / BP PLCENI.IM / ENI SpAGALP.PL / Galp Energia SGPS SAEUROPEAN OIL & GAS REP.SM / Repsol SASHEL.LN / Shell PLCTTE.FP / TotalEnergies SEAKRBP.NO / Aker BPEQNR.NO / Equinor ASAMARKETING DECKEuropean Oil & Gas Marketing DeckFocus on Norwegian-listed stocksRESEARCH CALLSOIL & PRODUCTS8 Jul 2025 - Shell 2Q trading update - Chemicals and trading disappoint8 Jul 2025 - Quick Take: Galp 2Q trading update - positive7 Jul 2025 - AE&T: The Four Horsemen of the Oilpocalypse, 2H25 edition16 Jun 2025 - European Oil & Gas porfolio bullet proofing: upgrading TotalEnergies up to OP/most preferred, Shell down to MP13 Jun 2025 - European Oil & Gas Weekly Wrap - June 13th6 Jun 2025 - European Oil & Gas Weekly Wrap - June 6th6 Jun 2025 - Bernstein Energy & Power: To EV or Not to EV...the real world experience of our Oils & Utilities analysts30 May 2025 - European Oil & Gas Weekly Wrap - May 30th2 1 May 2025 - Bernstein Energy: Global Oil Marginal Cost Survey 202515 May 2025 - IEA Oil Market Update - Initial perspectives. Positive update on positive demand revisions12 May 2025 - We are buyers of Shell and BP but unconvinced on Shell+BP9 May 2025 - European Oil & Gas Weekly Wrap - May 9th2 May 2025 - Bernstein Energy & Power: Drill baby drill...for geothermal30 Apr 2025 - Repsol Q1'25: Strategic delivery of 2bn 2025 asset disposals and ability to maintain investor distributions at stress macroscenario30 Apr 2025 - TotalEnergies 1Q: growth, low costs and balance sheet make $2bn quarterly buyback affordable at $60-65/bbl.28 Apr 2025 - Galp: resilient 1Q result - no particular news on Namibia25 Apr 2025 - European Oil & Gas Weekly Wrap - April 25th16 Apr 2025 - Shell: Best Idea Second Quarter 2025 - priced for recession, able to sustain buybacks at $60/bbl in perpetuity - OutperformEUROPEAN OIL& GAS BERNSTEIN SOCIETE CENERALE CROUR 16 Apr 2025 - Bernstein Energy: Tariffs and unwinding of OPEC+ cuts15 Apr 2025 - IEA Oil Market Update - Initial perspectives. Demand revised down on global growth worries11 Apr 2025 - European Oil & Gas Weekly Wrap - April 11th9 Apr 2025 - Equinor: 1Q25 earnings preview - reporting 30 April7 Apr 2025 - Aker BP: 1Q25 earnings preview - reporting 7 May4 Apr 2025 - European Oil & Gas Weekly Wrap - April 4th28 Mar 2025 - European Oil & Gas Weekly Wrap - March 28th28 Mar 2025 - Repsol: What is it worth? valuation sensitivities to net capex and refining margin scenarios26 Mar 2025 - Shell CMD: Upgrading PT 9% to f36/share; Outperform24 Mar 2025 - TotalEnergies 2030e: Market-Perform - though power can deliver 12% returns and LNG can double free cash flow21 Mar 2025 - European Oil & Gas Weekly Wrap - March 21st17 Mar 2025 - Shell March 25th CMD - We expect investor distribution to be formally raised to a >40% CFFO payout to 2030.14 Mar 2025 - European Oil & Gas Weekly Wrap - March 14th12 Mar 2025 - TotalEnergies: Progress on unchanged transition strategy7 Mar 2025 - European Oil & Gas Weekly Wrap - March 7th7 Mar 2025 - Bernstein Energy & Power: Russian gas back to Europe? Really?4 Mar 2025 - Aramco: in line 4Q & '25 capex increase; base dividend up 4.2%: growth capex guided to add +$20bn CFF0 by 20303 Mar 2025 - Eni 4Q and CMD: the right strategy for a balanced transition drives 2025e distribution yield of >11%28 Feb 2025 - European Oil & Gas Weekly Wrap - February 28th27 Feb 2025 - BP CMD: Got transition wrong, going back to profitable oil and gas26 Feb 2025 - BP strategy: back to oil and gas to grow free cash flow at a 20% CAGR - we are buyers18 Feb 2025 - Galp post-Q4'24 results model update: not in a rush to farm down Namibia14 Feb 2025 - European Oil & Gas Weekly Wrap - February 14th12 Feb 2025 - Aker BP 4Q24 results & strategy update: No surprises1 1 Feb 2025 - BP 4Q: strong upstream, poor refining, strategic overhaul10 Feb 2025 - BP's undervaluation needs a " Shell li