Philippines may soon own vast gas-rich area

[chua_riwap]

Mayaman na tayo!
OFWs....uwian na!


:party:


http://newsinfo.inquirer.net/42329/p...-gas-rich-area

The Philippines will gain 13 million hectares in additional territory, an area slightly smaller than Luzon, should the United Nations approve next year the government’s claim on a region off the coast of Isabela and Aurora, Environment Secretary Ramon Jesus Paje said on Monday.
Paje said the undersea region, called Benham Rise, could turn the Philippines into a natural gas exporter because of the area’s huge methane deposits.
Studies conducted by the Department of Environment and Natural Resources (DENR) for the past five years indicate large deposits of methane in solid form, Paje said after a Senate budget hearing.
The government is only awaiting a formal declaration from the UN Convention of the Law of the Sea (Unclos) that Benham Rise is on the country’s continental shelf and therefore part of its territory, Paje said.
Legal basis
Once the Unclos establishes that Benham Rise is part of the Philippines, “we would have legal basis to enter into exploration agreements with private companies to explore… (the area’s) resources,” said Sen. Franklin Drilon, chair of the chamber’s finance committee.
Drilon said a favorable Unclos declaration would mean “increasing our territory from present 30 million hectares to possibly 43 million” with the inclusion of Benham Rise.
Discussion over Benham Rise generated excitement especially after Paje said that Philippine representatives were just awaiting one more meeting “to answer questions” before a special Unclos committee.
Only claimant
Paje said there was no reason for the Unclos committee not to issue a decision favorable to the country “since we are the only claimant, unlike in the western side (where the Spratly Islands are).”
“We have submitted a claim under (Unclos) sometime in late 2008. We got a reply from the UN lately (asking us) to answer some questions. They intend to pass a resolution sometime in mid-2012 to approve our claim (that it is) part of the Philippine continental shelf,” Paje told reporters after the hearing.
Records showed that the Philippines officially submitted a claim with the UN Commission on the Limits of the ContinentalShelf in New York on April 8, 2009.
Davide submission
Hilario Davide, then Philippine ambassador to the United Nations, filed the country’s partial submission with the commission.
The United Nations says the continental shelf is “the seabed and subsoil of the submarine areas that extend beyond its territorial sea” up to 370 km (200 nautical miles) from the archipelagic baseline. An extended continental shelf goes farther than 370 km.
The Philippines claims that Benham Rise is an extension of its continental shelf.
Paje said Benham Rise was within the country’s 370-km exclusive economic zone.
American geologist
The environment secretary said an American geologist surnamed Benham discovered the area that was between 40 and 2,000 meters below the waterline in 1933.
“But we are able to define categorically that it is attached to our continental shelf only recently. We have proven (to) Unclos that it is attached. So now the UN is considering it for decision sometime in 2012,” Paje said.
He said gas deposits in the area would enable the country to achieve energy sufficiency.
“Benham Rise is very relevant because of its gas deposits (which has been) confirmed particularly by (the) National Mapping Resource Information Agency. It has given us the data that (the area) contains solid methane. We have not explored it but we have found nodules of methane in the surface and this is very important to us,” he said.
Kalayaan, Scarborough
The Kalayaan Island Group, which is part of the disputed Spratly Islands and Scarborough Shoal, both located in the West Philippine Sea (South China Sea) and claimed by the Philippines, are also believed to contain oil and natural gas.
Paje said there was the possibility that the country could export gas in the future.
The secretary added that there would be a demand for gas deposits in Benham Rise “because it’s much cleaner than (other) fossil fuels.”
The DENR formally submitted its proposed P16.99-billion budget for 2012 to the Senate finance committee.

[oj88]

"Only claimant"... hopefully. Knowing the Chinese, they'd probably sink their teeth into this patch of territory if the Philippines did so much as to blink an eye.

[oliver1013]

Maniwala kayo riyan, di niyo ba alam ang Pilipinas pagaari ng China, kasi malapit tayo sa Taiwan, eh kanila yun. So damay damay na yan.

[vinj]

Checked it on g-maps. Has GMA, ExFG and Mikey claimed any parts for themselves?

Call me a pessimist but that seems too good to be true (overhyped?) a press release. Let's wait and see.

[robot.sonic]

^ kay iggy arroyo daw nakapangalan.

[uls]

Mayaman na tayo!
OFWs....uwian na!

easy lang dude

don't get your hopes up

even if it is confirmed right this minute that Benham Plateau really does belong to the Phils., it will take years before any exploration is done and many more years before any natgas is extracted

and syempre walang kakayahan ang Pinas gumawa nyan. foreign companies like Exxon or Chevron will be extracting the gas



profit sharing lang ang Pinas

[Ry_Tower]

Maniwala kayo riyan, di niyo ba alam ang Pilipinas pagaari ng China, kasi malapit tayo sa Taiwan, eh kanila yun. So damay damay na yan.

hehe, grabe namang bomba yan

Anyway, sana nga makinabang Pinas niyan at hindi multinational corporations lang. Sa Palawan gas, mga puti nakikinabang at gov't officials lang eh. Kunti workers na nakikinabang even yung sa Tax. Si Pandak din nag-laim na national asset daw yun at walang provincial rights yung LGU. tsk tsk tsk

[uls]

^^

coz only multinationals have the capability to build and operate offshore platforms

[Ry_Tower]

^^

coz only multinationals have the capability to build and operate offshore platforms

Sayang talaga at hindi willing mag-invest gov't dito. Kung malaki naman talaga reserve eh mababawi naman puhunan. Just my 2 cents lang naman. Kahit support man lang sa local private businesses sana kaos nga parang sa umpisa pa lang ramdam mo na na may kurakot na naman eh. Kaya nakakapanghiayang minsan.

Safe bet nga, profit sharing na lang gov't natin. Pero sana, favorable naman sa atin at hindi yung lugi tayo.

[andywesteast]

Sayang talaga at hindi willing mag-invest gov't dito. Kung malaki naman talaga reserve eh mababawi naman puhunan. Just my 2 cents lang naman. Kahit support man lang sa local private businesses sana kaos nga parang sa umpisa pa lang ramdam mo na na may kurakot na naman eh. Kaya nakakapanghiayang minsan.

Safe bet nga, profit sharing na lang gov't natin. Pero sana, favorable naman sa atin at hindi yung lugi tayo.

FYI, walang pera ang Pinas. Malaki yung Utang na kailangan bayaran: P4,600,000,000,000.00