Progress made on draft of South China Sea code of conduct


The Chinese Navy is increasingly becoming one of the most powerful navies in the world.

The two sides agreed that economic-trade-investment link will continue to be the foundation for bilateral ties, and were committed to effectively carrying out the 2016-2020 Action Plan and soon completing procedures to upgrade the ASEAN-China Free Trade Area towards lifting two-way trade to 1 trillion Dollars and the total investment to 150 billion USD by 2020.

Successful extraction of it from the Shenhu area is a massive breakthrough that could pave way for a global energy revolution, said Chinese Minister of Land and Resources Jiang Daming, as reported in Shangai Daily. In recent months, however, China and ASEAN appear to have made swift progress.

PRESIDENT Rodrigo Duterte revealed Friday that China had warned him that it is prepared for war if the Philippines upholds its sovereignty over the disputed territories in the South China Sea.

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The soft global cargo market helped push yield down 10.7 percent though, contributing to a revenue decline of SGD$89 million. Building on this foundation, the next phase of the SIA group's transformation has been launched, it said.

China declared an air defense identification zone over a large section of the East China Sea in 2013, a move the United States called illegitimate and has refused to recognize.

Methane hydrate has been found beneath seafloors and buried inside Arctic permafrost and beneath Antarctic ice. The U.S. government has its own long-running research program into the fuel. The development has significant ramifications for energy development worldwide.

There are also environmental concerns. The CGS said it was able to extract methane for seven straight days in a landmark production experiment that moves methane hydrate production one step closer to commercial reality.

Images via William Winters, USGS and U.S.

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They "began aggressively provoking Turkish-American citizens who had peacefully assembled to greet the President". The minister said Trump's new USA administration seems more understanding about Turkey's security concerns.

However, if it can be used without leaking, it has the potential to replace dirtier coal in the power sector. It is emphasized that the experiment was the first successful example of industrial marine mining of gas hydrates that had been achieved relying exclusively on their own strength and would have "far reaching consequences".

Although the drilling is hard in technical terms, the effort is worth it, Li said, since the hydrate has huge commercial value potential.

In July previous year, the U.S. Geological Survey said that large deposits of potentially producible gas hydrate was found in the Indian Ocean for the first time, in a joint research project with the governments of India and Japan. Experts predict it will take at least a decade or more until anyone can begin commercially producing energy from methane gas.

"The path to understanding when or if gas hydrates will be commercially produced will need many similar and more extended testing efforts", Collett said. "As (Duterte) told President Xi (Jinping), there will still be problems, but we are willing to discuss the issues with the Chinese side and he is optimistic that the bilateral negotiations and bilateral dialogue is the way to go", Romana said.

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