[BP and Zhejiang Energy Group's Natural Gas Market in China] On May 31, 2023, BP officially signed a joint venture contract with Zhejiang Energy Group's natural gas group and its holding companies to jointly establish a liquefied natural gas trading company to sell LNG through tank truck transportation. This is the first collaboration between BP and Zhejiang Energy Natural Gas. This joint venture is BP's third tank truck LNG trading and sales company in China, with the other two being Shenzhen Dapeng Liquefied Natural Gas Sales Co., Ltd. and Xinying Energy Trading Co., Ltd. Editor/Ma Xue

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• 2026.07.03 09:12
• [The 3.255 billion yuan project in Inner Mongolia has won the bid and landed]
• On July 2, 2026, the bidding candidates for the 3.255 billion yuan alloy solid hydrogen storage material project in Bayannur Urad Middle Banner were announced. The project is located in the Ganqimaodu Port Park, with a first phase construction of 114000 square meters of factory area and 96 production lines. It has an annual output of 15000 tons of hydrogen storage materials and produces zero three wastes. It is divided into three areas: living, production, and auxiliary. The project includes full process design, civil engineering, equipment installation, and various acceptance inspections. Three consortia bid, with two design institutes from China Power Construction Engineering Corporation taking the top two spots, with one consortium bidding for multiple units leading the way. The consortium won by relying on the advantages of integrated design and construction. The project can reduce the cost of hydrogen storage materials, rely on local wind and solar resources to connect the entire green hydrogen industry chain, and help promote the development of the local new materials industry.Editor/Gong Ziwei

• 2026.07.02 16:21
• [Shipping activities in the Strait of Hormuz continue to resume]
• According to data from market service agency Kepler, 24 oil tankers and cargo ships passed through the Strait of Hormuz on June 29th, indicating the continued recovery of shipping activities in this globally important energy transportation channel. 24 ships, including crude oil carriers and liquefied natural gas carriers, passed through the Strait of Hormuz on the same day. The data also shows that on June 30th, shipping activities in the strait further increased, with a giant oil tanker and several small ships entering the Persian Gulf, reflecting a rebound in confidence in the shipping market's navigation conditions in the region. Editor/Min Jing