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China-Philippines gas search gets Duterte approval

As said earlier by The Foreign Affairs secretary, China is open to a 60-40 split on the joint exploration in the disputed areas of the South China Sea.


Devdiscourse News Desk 07 Aug 2018, 11:37 PM China, Philippines
  •  The country may require an alternative as Malampya gas field may run out by 2024, it provides 45 percent power requirements of Luzon. (Image Credit: Twitter)

Foreign Affairs Secretary Alan Peter Cayetano said that President Rodrigo Duterte has approved in principle the creation of a high-level working group focused on formulating a framework for a planned oil and gas exploration and development with China in the contested areas of the South China Sea.

He further added that the President approved the proposal in the meeting last night. Philipinnes and China may come up with a framework agreement by September.

He highlighted the fact that China is also ready with its plan and in discussion with working groups. The working groups to be composed of officials from the Cabinet level, including the Department of Energy, Environment and Natural Resources, Defense, Interior and Local Government and Justice, the National Intelligence Coordinating Agency and National Security Agency. The working group to advise on negotiations.

He raised few areas of concern like if the agreement is made on the fifth year of the Duterte administration, there are chances that both or one side would wait for next administration rather than proceed with the project.

 The country may require an alternative as Malampya gas field may run out by 2024, it provides 45 percent power requirements of Luzon.

As said earlier by  The Foreign Affairs secretary, China is open to a 60-40 split on the joint exploration in the disputed areas of the South China Sea.

“For us, it is an urgent need and could benefit all Filipinos. I want to work double time on it and I am hoping that our side of the working group can do a lot this August and then try to hit September or October,” Cayetano said.

 


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