AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updatesSave your favourite articlesBeijing: China has confirmed the discovery of a major gas field , estimated to be over 100 billion cubic metres, in the disputed South China Sea , which is expected to add fuel to the current round of military and diplomatic tensions between Beijing and other claimants in the region. While China claims most of the SCS, The Philippines, Vietnam, Malaysia, Brunei and Taiwan have counterclaims. The successful testing of Lingshui 36-1 further expands the resource base for the development of a trillion-cubic-meters gas region in the South China Sea". "The company will continue to step up exploration and development of hydrocarbon resources in the South China Sea and to enhance our capacity of energy supply," the Hong Kong-based South China Morning Post quoted Zhou as saying.China is the world's largest natural gas importer, with about USD 64.3 billion spent on 120 million tonnes of liquefied and pipe gas in 2023.

Source: Economic Times August 08, 2024 12:18 UTC