(Reuters) – 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.
Read Full Article HERE
Chen Aizhu, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/z4e0QaqVX2A/
No comments:
Post a Comment