China recently announced the discovery of a significant gas field, estimated to contain over 100 billion cubic meters, in the disputed South China Sea. This find is expected to escalate tensions between China and other claimants in the region.
The Lingshui 36-1 gas field, located southeast of Hainan, China, is the world’s first large, ultra-shallow gas field in ultra-deep waters. The OGIP has been estimated by China National Offshore Oil Corporation (CNOOC) to be more than 100 billion cubic meters.
The South China Sea is a contentious area claimed by China, the Philippines, Vietnam, Malaysia, Brunei, and Taiwan. The US, EU, Japan, and allies support the claims of smaller countries against China.
This discovery adds to existing tensions caused by the region’s vast oil, gas, and fish resources. China aims to boost its natural gas reserves and production in the South China Sea.
While this find benefits China’s energy security, it may also lead to diplomatic challenges with rival claimants and potential political risks.
Published on 09 August 2024, 03:29 IST
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