If Brunei Takes China’s Energy Deal, Neighbors May Follow
Published on: Thursday 06 December 2018
Brunei, an oil-rich nation in Southeast Asia, watched with near horror as world energy prices fell from 2014 to 2016. Reserves were running out. Its lifeblood of 80 years at stake, the tiny, wealthy country is looking for other sources of prosperity.China is offering to be a source, and it’s China that stands to prosper politically.Chinese President Xi Jinping agreed to support joint exploration with Brunei for oil and gas, likely in a rectangular block of the South China Sea extending from the Bruneian coastline on the island of Borneo.
News source: https://www.voanews.com/east-asia-pacific/if-brunei-takes-chinas-energy-deal-neighbors-may-follow
