[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
On June 9, 2026, Harbin Railway launched a new channel for intermodal transportation of iron and steel. The first train of 4000 tons of coal was sent from Hailar South Station to Panjin Port for transfer along the coast, which was shortened by 3 to 4 days compared to the original transportation.Editor/Gao Xue
Recently, Far East Energy signed a contract for a 128MW offshore wind power project in Vietnam, supplying 16 8.XMW units. This project is the first batch of Vietnam Power Planning VIII, which helps green energy cooperation along the the Belt and Road.Editor/Gao Xue