[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

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• 2026.03.10 11:51
• [CPCC Energy and Power signed new contracts worth nearly 60 billion yuan]
• China Power Construction Corporation recently released an announcement on its main business operations for January 2026. According to the data, the company signed a total of 661 new projects in January 2026, with a total contract amount of 89.436 billion yuan. Among them, the energy and power business sector has performed outstandingly, with 428 newly signed projects and a total of 59.324 billion yuan in newly signed contracts. According to the announcement, the scope of energy and power business is extensive, covering hydropower, wind power, solar power generation, thermal power, new energy storage, nuclear power, power grid, as well as various types such as hydrogen energy, geothermal energy, ocean energy, biomass energy, etc.Editor/Yang Meiling

• 2026.03.10 11:50
• [Qinghai introduces new policies to support independent bidding for solar thermal projects]
• In order to promote the large-scale development of solar thermal power generation, the People's Government of Qinghai Province recently issued the "Several Measures for Promoting the Scale Development of Solar Thermal Power Generation in Qinghai Province". The document proposes to support incremental independent solar thermal projects included in the development and construction plan to independently conduct mechanism electricity price bidding one year before the prescribed completion deadline. The policy will comprehensively consider factors such as the comprehensive income of enterprises and the value of green electricity to set a reasonable upper limit for bidding, and set a lower limit for bidding based on the principle of not being lower than the project cost, with a starting lower limit of 0.55 yuan/kWh. The lower limit will moderately decrease year by year, with the goal of achieving comparable prices to coal-fired power by 2030.Editor/Yang Meiling