[Russia approves gas supply agreement with Cosco East Route]It is reported that the Russian State Duma passed a bill on the approval of Russia and Cosco East route gas supply cooperation agreement. According to earlier news, Russia and China plan to build a pipeline from Dalinelechensk in Russia to Hulin in China across the Ussuri River under the Far East Pipeline cooperation project. In early February 2022, Gazprom and petrochina signed a long-term contract on the annual export of 10 billion cubic meters of natural gas to China via the Far East Route. After the project is implemented, the total supply of natural gas from Russia to China will reach 48 billion cubic meters. Russian Prime Minister Mikhail Mishustin said earlier that the implementation of the Russia-China cooperation agreement on gas supply from Russia to China via the Far East Route is beneficial to both countries and will further promote the development of Russia's Far East region. Editor/Xu Shengpeng
The Qinghai Provincial Development and Reform Commission has released the first batch of bidding for independent new energy storage projects on the grid side in 2026, with a total scale of 2GW and an energy storage duration of no less than 4 hours, to be implemented in 5 sections. The project is planned to be connected to the grid by the end of September 2027, and can enjoy an annual compensation of 185 yuan per kilowatt capacity to assist in the construction of new power systems in the province. Editor/Min Jing
The Vietnamese parliament has passed a resolution to increase the scale and configuration standards of the cross-border railway construction in Laojie, Hanoi, and Haiphong, and significantly increase investment. The railway is expected to be completed by 2030, optimizing cross-border trade logistics between China and Vietnam, connecting the China Europe transportation corridor, improving the layout of the Pan Asian Railway, and helping Vietnam enhance its position as a regional transportation hub. Editor/Min Jing