The Philippines must find a way to explore for oil and gas in the West Philippine Sea even without a deal with China, President Ferdinand Marcos Jr. said, emphasizing the country’s right to exploit energy reserves in the contested waterway. READ:
MANILA, Philippines – The Philippines must find a way to explore for oil and gas in the West Philippine Sea even without a deal with China, President Ferdinand Marcos Jr. said on Thursday, December 1, emphasizing his country’s right to exploit energy reserves in the contested waterway.
Talks over joint energy exploration between Manila and Beijing in the West Philippine Sea had been terminated, the previous government said in June, citing constitutional constraints and issues of sovereignty. The Philippines relies heavily on imported fuel for its energy needs, making it vulnerable to supply shocks and rising oil prices, which have helped push up inflation to a near 14-year high.affirmed American defense commitments to the Philippines
The ruling, which China refused to recognize, states that the Philippines has sovereign rights to exploit energy reserves inside its 200-mile Exclusive Economic Zone.
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