The Philippines is interested in renewing talks with China on joint oil and gas exploration in the South China Sea to expand and diversify its sources of energy, President Ferdinand Marcos Jr. said in an interview with Bloomberg TV.
The Southeast Asian country seeks a compromise with China, which is claiming parts of the South China Sea that are within Philippine territory, Marcos said, stressing that any agreement must not violate his nation’s laws.
While the Philippines and China couldn’t agree on which nation’s law would apply, “we continue to explore, perhaps there can be other ways that we can do it,” Marcos said. “There have been examples around the region where there have been similar differing views on exclusive economic zones and baselines, where they have managed to find a way to have joint explorations with the Chinese, with the Americans.”
