China said Saturday that a recent gas discovery in the contentious South China Sea could yield more than 100 billion cubic meters of natural gas, highlighting Beijing’s continued efforts to extract resources from waters in spite of lingering territorial disputes with neighboring countries.
On February 7, Global Times reported that China National Offshore Oil Corp (CNOOC) had disclosed that the Lingshui 17-2 gas field, discovered 150 kilometers south of China’s southernmost island of Hainan, had an annual output of up to four billion cubic meters.
Xie Yuhong, a manager with CNOOC, characterized that estimate as “conservative.”
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