Sponsorluk

Philippines wants to start new energy exploration projects in South China Sea

0
3K

Philippine President Ferdinand Marcos Jr said his country is working to resolve "exploration issues" in the South China Sea so it could start new energy exploration projects in the resource-rich waterway to meet his nation's energy needs.

Japan's Prime Minister Fumio Kishida and Philippine President Ferdinand Marcos Jr in Tokyo.

Marcos, in an interview with Japanese media on Saturday, said tensions in the South China Sea have "increased rather than diminished" in recent months, warning that a "more assertive China" posed a "real challenge" to its Asian neighbours.

The Philippines and China have resumed discussions about jointly exploring oil and gas resources in the South China Sea, where the two nations have sparred for decades over sovereign rights to develop natural resources in the strategic waterway.

But "very little progress" has been made with regard to the talks, Marcos said, according to a press release from his office as he attends a Tokyo summit of Japan and the Association of Southeast Asian Nations (ASEAN).

"We are still at a deadlock right now," Marcos said as he emphasised his country's right to exploit energy reserves in the West Philippines Sea at a time the Philippines wants to reduce its reliance on fossil fuel and coal and transition to liquified natural gas.

Manila refers to the portion of the South China Sea that is within its Exclusive Economic Zone (EEZ) as the West Philippine Sea.

Efforts to find a legally viable way to cooperate on energy exploration have stalled repeatedly, with previous administration abandoning talks in June last year citing constitutional constraints and issues of sovereignty.

A week ago, Manila and Beijing traded accusations over a collision of their vessels near a disputed shoal in the South China Sea as tensions over claims in the vital waterway escalate.

In addition to the Philippines, ASEAN members Vietnam, Indonesia, Malaysia and Brunei claim parts of the South China Sea disputed by China, which claims almost all of the sea, a conduit for more than $3 trillion of annual ship-borne commerce.

The Permanent Court of Arbitration in 2016 said China's claims had no legal basis, a ruling the United States supports but Beijing rejects.

"I'm afraid we'll have to be able to say that tensions have increased rather than diminished for the past months or the past years," Marcos said as he underlined the need to resolve issues peacefully.

The challenge that China posed required "new solutions", said Marcos, who has vowed to defend his country's rights in the South China Sea after the collision, which Manila has described as a "serious escalation".

Sponsorluk
Site içinde arama yapın
Sponsorluk
Kategoriler
Read More
Other
Discover the World of Apps with 9Apps - Your Ultimate App Store
In today's digital age, mobile applications play a crucial role in enhancing our daily lives....
By officewebmaster315 2023-08-05 09:19:03 0 3K
Other
Sodium Sulfide Market 2023- Business Planning Research and Resources, Revenue, and Forecasts 2032
Introduction Sodium sulfide is a critical inorganic compound with the chemical formula Na2S,...
By shubham7007 2023-09-12 06:03:03 0 4K
News
Potassium Chloride Market expected to Witness a Sustainable Growth by 2032
    Introduction The potassium chloride (KCl) market plays a pivotal role in...
By shubhamautade 2025-01-14 05:54:27 0 2K
Health
Emerging Opportunities in the Middle East and Africa's Pain Management Market
The Asia-Pacific pain management market is witnessing robust growth, driven by increasing...
By akshada 2024-07-24 06:42:49 0 2K
Oyunlar
Μια σύντομη ιστορία του διαδικτυακού τζόγου: Η εξ
Ξεκινήστε ένα...
By digimarketer 2025-06-07 02:59:45 0 643
Sponsorluk
google-site-verification: google037b30823fc02426.html