TIN TỨC

fanpage

Thống kê truy cập

  • Online: 65
  • Hôm nay: 1046
  • Tháng: 7785
  • Tổng truy cập: 5141104
Chi tiết bài viết

Japan Will Soon Help Vietnam Extract Gas from the South China Sea. How Will China Respond?

Idemitsu Kosan and Teikoku Oil signed the agreement with the Vietnamese state-owned oil and gas giant, PetroVietnam, on July 31. They will help develop and sell the gas located in the Sao Vang-Dai Nguyet project.

In a move likely to draw the ire of China, two Japanese firms have signed an agreement to help Vietnam develop and sell gas located in the South China Sea.

Idemitsu Kosan and Teikoku Oil signed the agreement with the Vietnamese state-owned oil and gas giant, PetroVietnam, on July 31. They will help develop and sell the gas located in the Sao Vang-Dai Nguyet project.

“The development of the project is significant since exploration and production activities have slowed down in recent years because of tensions in the South China Sea, the ongoing corruption crackdown and persistently low crude oil prices,” a PetroVietnam official told Reuters of the agreement.

The Sao Vang-Dai Nguyet project will develop gas located in Blocks 05-1b & 05-1c in the South China Sea. A map by Greg Poling, the director of the Asia Maritime Transparency Initiative at the Center for Strategic and International Studies, showed that “most (and probably all) of the block[s]” are within China’s so-called nine-dashed line.

The blocks are also near projects being carried out by Spanish energy firm Repsol and Russia’s Rosneft.

Earlier this year, PetroVietnam directed Repsol to halt its offshore oil project in the nearby block due to Chinese pressure. That came just days after a major gas field was discovered in the area.

Luật sư tư vấn miễn phí

Gọi ngay
0902818158- 0906834543
0906834543
0902818158

Tin pháp luật

CÁC ĐỐI TÁC

  • Nhà Đất Phúc An Khang
  • The Diplomat
  • The NewYork Review of Book
  • CogitAsia
  • Reuters
  • Viet Studies
  • The NewYork Times
  • TIME
  • Bloomberg Bussiness