[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
In May 2026, State Grid Shanxi will promote the construction of supporting power grids for the new energy base in the mining subsidence area of northern Shanxi, including the Datong to Tianjin Nante high-voltage project. After completion, it will deliver 27 billion kilowatt hours of clean electricity annually to the Beijing Tianjin Hebei region.Editor/Gao Xue
In May 2026, the first 16 MW natural gas turbine prototype independently developed by Harbin Electric Power Group completed full load testing, with a thermal efficiency of over 36% and nitrogen oxide emissions below 25ppm, reaching international advanced levels.Editor/Gao Xue