[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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• 2026.06.23 11:42
• [Europe's largest liquid flow energy storage project starts construction]
• On June 22, 2026, the 800MW liquid flow energy storage project in Laufenburg, Switzerland was launched, integrating computing power and heating to build a zero carbon hub and help stabilize the European power grid.Editor/Gao Xue

• 2026.06.23 11:40
• [BP initiates the first production of ACG gas field]
• On June 22, 2026, BP launched its first commercial natural gas production at the ACG gas field in the Caspian Sea. The recoverable reserves of this gas field are about 4 trillion cubic feet, which will help Azerbaijan expand its energy supply to Europe.Editor/Gao Xue