Beijing maintains expansionist tendencies
China has not lost its interest in oil and gas assets around the South China Sea
China has not been distracted from its assertive agenda in the South China Sea despite its domestic focus on combating Covid-19. It continues to deploy oil and gas vessels and military muscle to bolster its position in the strategically vital region. The major focus of China’s obstructive role in the area is where its claims overlap with both Malaysia and Vietnam, neither particularly friendly towards Beijing. Malaysian national oil company (NOC) Petronas is exploring in blocks ND1 and ND2, which are in waters also claimed by the Vietnamese and within China’s so-called nine-dash line boundary. The Chinese elbowing into the bilateral dispute is described by US-based thinktank the Asia Mari
Also in this section
18 September 2024
In the first part of the fifth chapter of our history of oil and gas, we move the story on to the climate crisis and push for net-zero carbon emissions
18 September 2024
The burden of subsides on national economies seems to outweigh their political point scoring benefits, but removing them is not an easy task
17 September 2024
Decarbonisation strategy is already hurting upstream appetite and threatening near-term energy security
16 September 2024
The third part of our fourth chapter on the history of oil takes the story of gas to the present day with the rise of LNG and the creation of a truly global market