China in $5 bn drive to develop disputed East China Sea gas

These Chinese ‘geologists’ could also very likely be understating the true significance and size of the deposits. The state-run oil companies do the bidding of the CCP. Today’s CCP is still rooted in ancient Chinese history and follows the philosophy of Sun Tzu, therefore appearing weak when strong, and applying this method to any given situation. The territory dispute is another story. However, in hindsight, the Chinese wouldn’t be trying so hard to acquire this field given the fact that the deposit size will only contribute a fraction of the gas output they need.

BEIJING: Chinese state-run oil companies hope to develop seven new gas fields in the East China Sea, possibly siphoning gas from the seabed beneath waters claimed by Japan, a move that could further inflame tensions with Tokyo over the disputed area.

Beijing had slowed exploration in the energy-rich East China Sea, one of Asia’s biggest security risks due to competing territorial claims, but is now rapidly expanding its hunt for gas, a cheaper and cleaner energy to coal and oil imports. Continue reading

China Says Ready for ‘Escalation’ in Maritime Dispute With Philippines

China says it is ready to respond to “any escalation” by the Philippines, as a tense, month-long standoff continues over a disputed group of islands in the South China Sea.

The state-run Xinhua news agency on Tuesday quoted Vice Foreign Minister Fu Ying as saying Beijing is not optimistic about the dispute over the Scarborough Shoal, located about 230 kilometers off the northwestern Philippines.

On Monday, Fu summoned a top Philippine diplomat in Beijing to make a “serious representation” over the situation. Fu told Charge D’affaires Alex Chua that Manila was escalating tensions and making it more difficult to reach a negotiated settlement.

China says the islands, known as Huangyan in China, are a key part of Chinese territory and that any Philippine claim to them is baseless. The Philippines says the shoal is well within its internationally recognized exclusive economic zone.

The Philippines, China, Vietnam, Taiwan, Malaysia and Brunei all have competing claims in the South China Sea.  China claims nearly the entire energy-rich region.

Full article: China Says Ready for ‘Escalation’ in Maritime Dispute With Philippines (Voice of America)