[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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• 2026.06.18 17:55
• [Myanmar President visits China to deepen cooperation in energy and economic sectors]
• At the invitation of the President of the People's Republic of China, Myanmar President Myint Aung Hlaing will pay a state visit to the People's Republic of China from June 15 to 19, 2026. The statement states that both sides agree to continue to leverage the role of the China Myanmar oil and gas pipeline, steadily promote power interconnection, and explore the construction of an economically and environmentally sustainable energy partnership. Both sides agree to implement a direct settlement mechanism between RMB and Burmese kyat to promote trade, and support strengthening trade and investment cooperation in areas of common interest such as agricultural product processing, oil, and energy.Editor/Gong Ziwei

• 2026.06.18 17:50
• [The Chairman of Abu Dhabi Energy Authority leads a delegation to China for negotiations]
• Abu Dhabi has introduced an energy development plan, with an annual increase of no less than 3 million kilowatts of photovoltaic installed capacity. The focus is on promoting cooperation in areas such as fast charging, energy storage, and energy AI, with the hope of completing technology transfer and strengthening local industries through cooperation. The installed capacity of renewable energy in the United Arab Emirates currently exceeds 7.7GW, and the total amount of projects under construction will exceed 23GW after completion in 2031. China Power Construction has signed the world's first all-weather power supply and solar energy storage project in the local area. Chinese enterprises have outstanding advantages in technology, production capacity, cost and other aspects, which can complement the UAE's capital and market resources. The space for new energy cooperation between the two sides is vast.Editor/Gong Ziwei