Philippine president says joint oil and gas exploration with China a 'distinct possibility'
Recent energy supply disruptions and price spikes have added urgency to the Philippines' efforts to tap potential offshore resources, says President Ferdinand Marcos Jr.
Philippine President Ferdinand Marcos Jr. hinted at the possibility of joint oil and gas exploration with China, despite ongoing disputes in the South China Sea. The suggestion comes as energy supply disruptions and price spikes have increased the urgency for the Philippines to secure additional offshore resources, according to Marcos.
Foreign journalists were informed that progress has been made in discussions with China, following the resumption of high-level talks in March. Despite years of disagreements over sovereign rights, the two nations remain optimistic about potential economic cooperation. Marcos emphasized that there is no special arrangement that would require Philippine consent for resupply missions or cede any rights in the South China Sea.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
