|Energy Attorney Andrew Derman Says There Are Growing Concerns Over South China Sea Reserves|
|September 18, 2012 8:22 am|
Offshore energy reserves in the South China Sea are projected to hold up to 3.79 billion cubic meters of natural gas and 213 billion barrels of oil, and tensions are escalating as several Asian nations continue to argue over territorial claims to those holdings. "There is a fear that exploration and production will be delayed as countries seek to unilaterally develop jointly claimed territorial areas," says Andrew Derman of the Dallas office of Thompson & Knight. Next month, Derman will serve as chairman of an economic summit in Ho Chi Minh City, Vietnam, focusing on the dispute. Representatives of more than 50 countries are expected to attend. "Through cooperative agreements, countries can agree to disagree over the delimitation of their borders, while developing oil and gas reserves for the benefit of their people. Our goal is to generate meaningful and productive dialogue and support peaceful resolutions for the entire region." For more information, contact Barry Pound at 800-559-4534 or firstname.lastname@example.org.
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