RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2019-09-02 12:45:00

SOUTH CHINA SEA TENSION ANEW

SOUTH CHINA SEA TENSION ANEW

BLOOMBERG - The U.K., France and Germany have called for restraint in the South China Sea amid reports that Chinese and Vietnamese vessels are facing off in the disputed waters over competing territorial claims.

The tensions "could lead to insecurity and instability in the region," they said in a joint statement issued Thursday. The three nations, without mentioning Vietnam or China, said the legal framework set out by the United Nations Convention on the Law of the Sea granting several claimants sovereign rights to the waters "must be carried out."

"We call on all coastal states of the South China Sea to take steps and measures that reduce tensions and contribute to maintaining and promoting peace, security, stability and safety in the region, including as regards the rights of coastal states in their waters," the statement reads.

Vietnam's Ministry of Foreign Affairs did not immediately respond to a request for comment.

When asked about the statement during a regular briefing on Friday, China's Ministry of Foreign Affairs spokesman Geng Shuang said the situation in the South China Sea was stable and blamed non-regional countries of "hyping up the tensions."

"We urge the relevant countries to view this issue objectively, to stop making such negative remarks, and to create a favorable atmosphere for the regional countries," he said.

Maritime Standoff

Chinese and Vietnamese coast guard vessels are engaged in a high-profile standoff over a lucrative oil block claimed by Vietnam near its coast. The U.S. last week criticized China's move to send a survey ship off Vietnam as "an escalation by Beijing in its efforts to intimidate other claimants out of developing resources in the South China Sea."

The State Department accused China of blocking Southeast Asian nations from accessing an estimated $2.5 trillion in unexploited hydrocarbon resources. Australian Prime Minister Scott Morrison last week urged Asian countries to stand up for their sovereign rights during a trip to Hanoi.

China accused the U.S. of trying to drive a wedge between China and other countries and create "chaos" in the region.

In recent months, Beijing has stepped up efforts to pursue administrative control within its so-called "nine-dash line" encompassing some 80% of the South China Sea. Its recent actions openly challenge a Hague Tribunal ruling that declared the territory claim illegal three years ago.

The three European countries called on claimants to respect that ruling, urging China and Asean countries to come to terms on a code of conduct in the South China Sea.

"France, Germany, and the United Kingdom welcome the on-going negotiations," the statement said.

-----


Earlier:

SOUTH CHINA SEA TENSION ANEW
2019, August, 23, 10:25:00
U.S. WANT VIETNAM OIL AND GAS
U.S. energy firms had interests in the South China Sea and Washington was “committed to bolstering the energy security of our partners and allies in the Indo-Pacific region and in ensuring uninterrupted regional oil and gas production for the global market.”U.S. warships have conducted periodic “freedom of navigation” operations in the South China Sea to challenge China’s claim to nearly all of the strategic waterway.
All Publications »
Tags: SOUTH CHINA SEA, CHINA, OIL, GAS, VIETNAM
Chronicle:
SOUTH CHINA SEA TENSION ANEW
2021, June, 10, 12:39:00
Which Actions Can Fuel The Industry: The 7th International LNG Congress Summary
Global view on the LNG industry future, actions in frames of IMO Regulations, alternative fuels for trucks and fleet, opportunities of LNG increase in Europe, and Bio-LNG and LNG-to-Power initiatives have become some of the topics of the 7th International LNG Congress. It was held at the BGS online platform on the 7-8 of June, and gathered more than 500 decision-makers of the LNG industry.
SOUTH CHINA SEA TENSION ANEW
2021, June, 10, 12:38:00
МЕЖДУНАРОДНАЯ КОНФЕРЕНЦИЯ И ВЫСТАВКА "УГОЛЬ РОССИИ И СНГ"
Более 150 руководителей ведущих предприятий угольной промышленности России и СНГ соберет Международная конференция и выставка «Уголь России и СНГ», которая будет проходить 16-17 ноября 2021 в г. Москва Организатор мероприятия: Vostock Capital
SOUTH CHINA SEA TENSION ANEW
2021, June, 10, 12:35:00
U.S. OIL INVENTORIES DOWN 5.2 MB TO 474.0 MB
U.S. commercial crude oil inventories decreased by 5.2 million barrels from the previous week to 474.0 million barrels.
SOUTH CHINA SEA TENSION ANEW
2021, June, 10, 12:30:00
TC ENERGY HAS TERMINATED KEYSTONE
TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the Government of Alberta, it has terminated the Keystone XL Pipeline Project (the Project).
SOUTH CHINA SEA TENSION ANEW
2021, June, 9, 12:55:00
OIL PRICE: ABOVE $72
Brent rose 73 cents, or 1%, to close at $72.22 a barrel, WTI rose 82 cents, or 1.2%, to settle at $70.05 a barrel,
SOUTH CHINA SEA TENSION ANEW
2021, June, 9, 12:50:00
OIL PRICES 2021-22: $68-60
EIA forecasts that Brent prices will remain near current levels in 3Q21, averaging $68/b., and $60/b in 2022.
SOUTH CHINA SEA TENSION ANEW
2021, June, 9, 12:45:00
OPEC+ OIL PRODUCTION UP 430 TBD
Despite the production gains, the looser quotas meant OPEC+ compliance stayed mostly steady at 111.45% compared to 111.16% in April,
All Publications »