Sunday August 06, 2006

China's CNOOC starts production at disputed gas field

channelnewsasia.com :

China National Offshore Oil Corp (CNOOC) has said gas production had begun from an oil and gas field in the East China Sea, a territory that is the focus of a drawn-out dispute with Japan. Japan and China have long disputed the maritime boundary that lies between them, and Beijing has always insisted its explorations in the East China Sea are within China's territorial waters. But Japan says the gas field lies too close to its Exclusive Economic Zone (EEZ) - a delineation not recognized by China - and fears China might siphon off resources from an area Japan claims as its territory.

A 1999 Japanese survey estimated there were 200 billion cubic meters (seven trillion cubic feet) of gas reserves in the area, which is some 400 kilometres (250 miles) northwest of the Japanese island of Okinawa. The two countries failed to find common ground during many rounds of talks, with China saying "great differences still remained" after the last round in July. The energy reserves are among a number of disputes that have badly damaged relations between the Asian powers. They are also divided by the legacy of Japan's wartime militarism in the region.

See also :

1. Stormy seas ahead in China's hunt for offshore oil
2. Oil dispute fuels China-Japan tension

(2006-08-06 23:58:53 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out