energy-exploration2.29 min read Escalating Tensions: Philippines Prepares for Energy Exploration Amidst Chinese Maritime Militia Threats
Philippine President Ferdinand Marcos Jr. stated that his country is working to resolve "exploration issues" in the South China Sea in order to initiate new energy exploration projects in the resource-rich waterway. The Philippines and China have resumed discussions on jointly exploring oil and gas resources in the disputed area, but little progress has been made. Marcos emphasized his country's right to exploit energy reserves in the West Philippine Sea, within its Exclusive Economic Zone (EEZ), as it aims to reduce reliance on fossil fuels and transition to liquefied natural gas. Tensions in the South China Sea have increased, with China posing a challenge to its Asian neighbors.
2 years ago•Source: Reuters
