Following the termination of negotiations for the planned joint exploration between Manila and Beijing in the West Philippine Sea, a senior lawmaker on Sunday urged the government to lift the suspension of gas and oil drilling activities in Recto Bank.
FOLLOWING the termination of negotiations for the planned joint exploration between Manila and Beijing in the West Philippine Sea, a senior lawmaker on Sunday urged the government to lift the suspension of gas and oil drilling activities in Recto Bank.
According to Pimentel, the DOE on April 6 ordered the private operators of Service Contract 72 and SC 75 to put on hold their exploration activities in the West Philippine Sea in deference to the country’s talks with China on possible cooperation arrangements and the maritime areas to which they would apply.
“The President had spoken. I carried out his instructions to the letter: oil and gas discussions are terminated completely. Nothing is pending; everything is over,” Locsin said in his speech during the 124th founding anniversary celebration of the Department of Foreign Affairs. Pimentel earlier warned that Malampaya might be depleted by 2027, and without fresh gas from Sampaguita, Luzon could face power shortages in the years ahead.For his part, House Ways and Means Chairman Joey Sarte Salceda is suggesting to President-elect Ferdinand Marcos Jr.
Salceda said independent exploration before joint development will allow the Philippines to make a rational, nationally self-interested decision about what kind of joint development agreement the Philippines will undertake.Salceda said the Philippine government “must make China understand that if they want us on friendlier terms, especially on resource development, they have to pay up.”
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