The field, situated 1,640 feet deep southeast of Hainan Island, is estimated to contain over 100 billion cubic meters of natural gas.
The Lingshui 36-1 field contains over 100 billion cubic meters of natural gas, pushing China ’s reserves past the trillion-cubic-meters mark.The newly identified Lingshui 36-1 gas field is recognized as the world’s first “ultra-shallow gas field in ultra-deep waters,” marking a significant advancement in gas exploration technology.
The discovery of the Lingshui 36-1 field is likely to intensify these disputes, as China continues to assert its claims in these contested waters. As the world’s largest natural gas importer, China spent approximately USD 64.3 billion on 120 million tonnes of liquefied and pipe gas in 2023. The discovery of major reserves in the South China Sea is expected to bolster China’s energy security and reduce its dependency on foreign sources.Despite the promising prospects, the development of oil and gas resources in the South China Sea is fraught with diplomatic and political challenges.
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