December 12, 2016

"In September 2013, Chinese President Xi Jinping proposed the building of the New Silk Road Economic Belt during his visit to Kazakhstan, and in the same year in Indonesia, he proposed the building of the 21st Century Maritime Silk Road (MSR). The MSR initiative aims to create a modern network of high-speed railways, motorways, pipelines and ports stretching across South and Southeast Asia. 

The MSR initiative provides a new opportunity for China-ASEAN oil and gas joint development in the South China Sea. On one hand, ASEAN countries’ intention to promote economic growth through development of oil and gas resources is consistent with China’s diversified energy security strategy. "

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