China is passing the signal display, as agreed between India and Vietnam in the disputed South China Sea region cooperation in energy exploration project should be canceled.
The core problem is that two state-owned companies in India and Vietnam signed an agreement last week between. Including oil and gas sector between new investment, mining and supply cooperation plan.
Vietnam and India the day before signing the agreement, China has just signed with Vietnam to end a six-point agreement between the two countries maritime disputes.
China maintains that all the South China Sea sovereignty, while Vietnam’s fight for the South China Sea including the Spratly Islands, including parts of the sovereign. Meanwhile, the Philippines, Brunei and Malaysia also claims sovereignty over the waters of this piece.
Chinese media quoted Chinese Foreign Ministry spokesman Liu Weimin, as saying: “China’s Nansha Islands and adjacent waters has indisputable sovereignty over our position and the related idea is the same, and it is clear.” He also Vietnam and India for agreement, said: “We have taken note of the report and hope the parties concerned to take positive action to ensure regional peace and stability in the South China Sea.”
By a subsidiary of China’s Party newspaper editorials published in the media, China has increased the pressure in the 16 efforts. This editorial pointed out, India is holding its own energy security risk.
Under the “People’s Daily” “China Energy Report” in the editorial wrote: “Because of the unknown sea of oil and a challenge not only the behavior of emerging powers will lead to the devastating Indian Oil setbacks, and likely to make India as a whole Energy security has been destroyed, and blocking its economic development. ”
The editorial further noted that India “must be allowed to enter the South China Sea disputed waters.”
South China Sea has been shown to have about 77 million barrels of oil reserves, the reserves may be expected to reach 280 billion barrels.
A source told the “Times of India”, said Vietnam is facing difficult decisions on this issue. If the Vietnamese withdrew exploration agreement with India, it would be signed between Vietnam and other countries, impact of the oil agreement; but resisted from Beijing to let Hanoi – Vietnam, a major trading partner pressure, which in turn is very difficult of.