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Reserves of natural gas were found offshore the Gaza Strip in the year 2000, within the framework of licensing to British Gas by the Palestinian National Authority. [1] The discovered gas field, Gaza Marine, though mediocre in size, had been considered at the time as one of the possible drives to boost Palestinian economy and promote regional cooperation.
Competing claims in the oil and gas-rich South China Sea have stifled the development and exploitation of these resources. To break from this, the Philippines and China agreed to a Memorandum of Understanding (MoU) on Cooperation on Oil and Gas Development in November 2018, where joint-use of, and not ownership over assets underlies the ...
Different estimates may or may not include oil shale, mined oil sands or natural gas liquids. Because proven reserves include oil recoverable under current economic conditions, nations may see large increases in proven reserves when known, but previously uneconomic deposits become economic to develop.
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In 1999, BG Group was granted an exploration licence by the PA, and in 2000 the company discovered natural gas about 36 kilometres (22 mi) offshore in the Mediterranean Sea in the Gaza Marine gas field. As of 2021, exploitation of the gas field is still subject to negotiations.
1734 – The Spanish colonial government published the first edition of the Velarde map.According to the Philippines, this map shows the territories of the Philippines including actual sovereignty over the Scarborough Shoal (called Panacot in the map) and the Spratly Islands (referred as Los Bajos de Paragua) and is the earliest map showing sovereignty over the said territories.
The Paracel and Spratly Islands, known as the Hoang Sa and Trong Sa islands in Vietnam, are in the South China Sea, a busy global maritime waterway almost all of which is claimed by China.
Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks launched by Yemen's Houthi group on ...