President Ferdinand Marcos Jr. has indicated that discussions about potential joint oil and gas exploration with China are progressing. He emphasized that the urgency is driven by recent disruptions in energy supply and price increases, which have prompted the Philippines to explore its offshore resources.
Marcos noted the 'distinct possibility' of establishing joint explorations before the end of his term, mentioning that he envisions a positive outcome from ongoing negotiations with China regarding the disputed areas in the South China Sea.
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