UPDATE 1-Philippines' Duterte says Xi offering gas deal if arbitration case ignored

World News: . []

UPDATE 1-Philippines' Duterte says Xi offering gas deal if arbitration case ignoredPhilippine President Rodrigo Duterte said his Chinese counterpart has offered Manila a controlling stake in a joint energy venture in the South China Sea, if it sets aside an international arbitral award that went against Beijing. Duterte said Chinese President Xi Jinping told him during their recent meeting that if he ignored the Permanent Court of Arbitration's 2016 ruling, China would agree to be the junior partner in a joint venture to develop gas deposits at the Reed Bank, located within Manila's Exclusive Economic Zone (EEZ). 'Set aside the arbitral ruling,' Duterte was quoted as telling reporters late Tuesday in remarks provided by his office on Wednesday.


Read More: LINK 

Published: .

Search for other references to "update" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.
 
Privacy Policy | Terms and Conditions | Contact Us