In February 2025, China’s National Development and Reform Commission (NDRC) and National Energy Administration (NEA) abolished mandatory energy storage requirements for new renewable projects via Document No. 136. [pdf]
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Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told Reuters. [pdf]
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