Philippines Partners with US and Allies for China Sea Energy Exploration
Manila seeks to leverage security ties for economic benefits amid heightened tensions with China.
- The Philippines is leveraging its security ties with the US and allies like Japan and Australia to explore energy resources in the disputed South China Sea.
- Manila aims to use these partnerships to attract investment and lower power costs, amid tensions with China over territorial claims.
- The Philippines, which imports almost all its fuel needs, sees the exploration as crucial for economic security and reducing high regional power costs.
- Negotiations with China for joint exploration have stalled, leading to a more assertive stance from Manila with support from its allies.
- The initiative is part of a broader economic strategy to attract investors, with plans likely to proceed within President Ferdinand Marcos Jr.'s term ending in 2028.