Southeast Asia's flashpoint
Vietnam's need for more energy is reviving the disputes with Beijing over the South China Sea
Oil and gas-hungry Vietnam is tweaking the lion's tail in a long-disputed part of the South China Sea that could bring to a head a simmering row with China. Hardly a month after China oversaw the development—or rather revival—of a "negotiating framework" with Vietnam and other claimant nations intended to establish a code of conduct for arguments in these waters, Vietnam began exploration in the Spratly Islands over which China has unilaterally asserted its rights. Almost immediately, China cancelled a defence meeting with Vietnam. In the process put in jeopardy the code of conduct that Chinese foreign minister Wang Yi had hailed as a solid foundation that would ensure a generally stable sit
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny






