ASIA

Philippines calls for cooperation on the Spratly’s

Philippines Energy Secretary Vincent Perez has called for the development of the countrys oil res...

China, Vietnam, Philippines, Malaysia, Taiwan and Brunei claim either all of parts of the group of atolls in the South China Sea as part of their sovereign territory.

In an interview with the Philippines Star newspaper Perez said, “State-owned PNOC-Exploration Corp is spearheading the discussions with its counterparts in the region namely, China National Offshore Oil Co (CNOOC), Pertamina of Indonesia, and Petronas of Malaysia on the possible oil exploration in the South China Sea where the disputed Spratly Islands [are] located.”

“What we’re trying to do is to create some confidence building in the South China Sea. We should recognise that we need cooperation among Southeast Asian countries especially now that we are suffering from oil supply squeeze. If we could only set aside our claims on the Spratly Islands and come up with an understanding or a resolution that will eventually help us all in this crisis,” added Perez.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry