[Russia will take full control of Sakhalin 2 oil and gas project] Russian state-owned Gazprom will retain its 50% plus 1 stake in the Sakhalin-2 project, while its foreign partners Shell (27.5%), Mitsui (12.5%) and Mitsubishi (10%) are expected to give up their stakes in Sakhalin-2 stake in the project. The economic impact of the ongoing war in Ukraine. Editor/Xing Wentao

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• 2026.05.12 17:53
• [China ASEAN Blue Economy Cooperation Dialogue held in Haikou]
• On May 10, 2026, the China ASEAN Blue Economy Cooperation Dialogue was held in Haikou. Chi Fulin, President of the China Hainan Reform and Development Research Institute and the Hainan Free Trade Port Research Institute, stated that the Hainan Free Trade Port is located at the regional center, backed by a super large domestic market in China, adjacent to Southeast Asia, and combined with a special regional system of customs supervision that includes first line liberalization, second line management, and domestic freedom, it has the conditions to play an important role in maintaining regional energy security and alleviating regional energy crises. Chi Fulin suggested that Hainan should build a service guarantee base for China ASEAN energy security, serving the common needs of China ASEAN energy security.Editor/Gong Ziwei

• 2026.05.12 17:49
• [Hualong Unit 1 in the Greater Bay Area starts construction]
• On May 10, 2026, the first Hualong 1 nuclear power project in the Guangdong Hong Kong Macao Greater Bay Area, the nuclear island of Unit 4 of Guangdong Taipingling Nuclear Power Plant of China General Nuclear Power Corporation, began the first concrete pouring. This is another key milestone after the commissioning of Unit 1 and the loading of Unit 2 of the nuclear power project, marking the entry of the Taipingling Nuclear Power Phase II project into the comprehensive construction stage.Editor/Gong Ziwei