December 16, 2012

East Asia: Stop Squabbling, Start Drilling

Will Hickey, Yale Global

AP Photo

As naval patrol vessels of China, Japan, South Korea and other Southeast Asian nations shadow one another and tension mounts, it's time to consider peaceful alternatives. At stake are marine resources and possible large reserves of oil and gas underneath the waters, rocks and shoals claimed by East Asian countries. If a solution can be worked out for sharing the proceeds among concerned parties: Japan, Vietnam, Malaysia, China and the Philippines while tactfully avoiding the contentious sovereignty issues, confrontation can be avoided. In the oil industry, border disputes between countries are resolved with joint development areas, or the oil and gas mechanism of "unitization." Essentially, unitization lets each nation access undersea resources that cross borders, but leaves national...

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TAGGED: South Korea, Asia, China, Japan, East Asia, ASEAN


December 16, 2012
A Turning Point in East Asia
Brahma Chellaney, Japan Times
Political transitions in East Asia promise to mark a defining moment in the region's jittery geopolitics. After the ascension in China of Xi Jinping, regarded by the People's Liberation Army (PLA) as its own man, Japan seems set... more ››
December 6, 2012
S. China Sea Tensions Will Get Worse
Joshua Kurlantzick, Asia Unbound
This week’s latest South China Sea incident, in which a Chinese fishing boat cut a Vietnamese seismic cable —at least according to Hanoi— is a reminder that, despite the South China Sea dominating... more ››
The need to respond effectively to North Korea’s satellite launch provides an early political test to all parties in the region in the midst of simultaneous leadership transitions. North Korea is raising the stakes, and we... more ››