[Another international LNG trade settled in RMB]On May 16, 2023, the Malvern ship with a full load of 65,000 tons of liquefied natural gas was unloaded at the Guangdong Dapeng LNG receiving station of CNOOC. A substantial step has been taken in the exploration of cross-border RMB settlement transactions in the field of oil and gas trade. The Malvern ship loaded with liquefied natural gas from the United Arab Emirates arrived at Guangdong Dapeng LNG receiving terminal on May 15 after 26 days of sea voyage. Edit/Ma Xue
On April 10th, the National Bureau of Statistics released data showing that the CPI in March increased by 1.0% year-on-year, but the growth rate has declined. This is mainly due to the seasonal drop in food and service prices, as well as the decrease in pork, tourism, and other prices. PPI increased by 0.5% year-on-year, marking the first time it has turned upward after 41 months of continuous decline. Driven by the rise in international commodity prices and the improvement of domestic supply and demand, industries such as petroleum and non-ferrous metals saw significant price increases. Editor/Cheng Liting
On April 7, 2026, the deepest offshore wind power project of Huaneng Shandong Peninsula North L site in China was fully connected to the grid. The project is located in the Muping sea area of Yantai, with a water depth of 52-56 meters. It is equipped with 42 12 MW wind turbines and uses the highest four pile pipeline foundation in China. The annual power generation is 1.638 billion kilowatt hours. Yantai Power Supply Company ensures grid connection through the "Clear Wind and Warm Sun" service. The project has promoted the installed capacity of new energy in Yantai to reach 16.66 million kilowatts, ranking first in the province and assisting in the green and low-carbon transformation.Editor/Cheng Liting