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Joint Development Of Offshore Energy Resources In East Asia, Suk Kyoon Kim
Joint Development Of Offshore Energy Resources In East Asia, Suk Kyoon Kim
Suk Kyoon Kim
Disputes over offshore energy resources in disputed waters in East Asia are increasingly becoming a source of conflicts in the region. However the growing needs for energy resources led to joint development in the disputed waters. In the absence of mutually agreed maritime boundaries joint development might be the best practical way to develop offshore energy resources, while not prejudicing each others’ claims. A wide range of issues such as legal, financial, contractual, operational, international problems may arise from joint development. This article discusses prospect and issues of joint development of offshore energy resources in East Asia.
Joint Development Of Offshore Energy Resources In East Asia, Suk Kyoon Kim
Joint Development Of Offshore Energy Resources In East Asia, Suk Kyoon Kim
Suk Kyoon Kim
Abstract
Disputes over offshore energy resources in disputed waters in East Asia are increasingly becoming a source of conflicts in the region. However the growing needs for energy resources led to joint development in the disputed waters. In the absence of mutually agreed maritime boundaries joint development might be the best practical way to develop offshore energy resources, while not prejudicing each others’ claims. A wide range of issues such as legal, financial, contractual, operational, international problems may arise from joint development. This article discusses prospect and issues of joint development of offshore energy resources in East Asia.