[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
The annual production of 62000 tons of green hydrogen and 500000 tons of oxamide by Xinjiang Tiankelong Chemical has been approved for environmental impact assessment. The total investment of the project is 6.168 billion yuan, and it will be implemented in Hami. It will be supported by 2GW wind power to ensure the supply of green electricity, and explore a zero carbon park model by replacing coal clean utilization with green hydrogen.Editor/Gao Xue
The 1000 kV AC transmission and transformation project from Ganjiang to Gannan in Jiangxi Province has been approved. The dynamic investment of the project is 7.218 billion yuan, and a new 6 million kVA substation and 298.9 kilometers of double circuit lines will be built. After completion in 2028, the short board of north-south transmission will be filled, and the transmission capacity of the Gannan section will be increased from 3.2 million kilowatts to 6.5 million kilowatts.Editor/Gao Xue