After Manila Lifts Ban, CNOOC and Philippine Firm Restart Negotiations to Jointly Explore Energy Assets in Disputed Parts of the South China Sea

On October 19, the Philippine company PXP Energy Corporation announced that it was in negotiations with state-owned China National Offshore Oil Corporation (CNOOC) to finalize a memorandum of understanding on joint oil and gas development in the South China Sea. PXP’s subsidiary, Forum, is reportedly holding the negotiations. This follows the Philippine government’s unilateral lifting on October 15 of a six-year ban on oil and gas ...

Tender for a Controlling Stake in Greece’s Alexandroupolis Port Attracts Interest from Company with Chinese Ownership Ties

On October 17, Greek media reported that the Chinese-linked Thessaloniki Port Authority is among the four bidders to issue an “expression of interest” for a 67% controlling stake in Greece’s Port of Alexandroupolis. Greece’s Hellenic Republic Asset Development Fund will evaluate the expressions of interest to determine which bidders move to the next phase of the tender, involving the submission of binding offers.

Pakistan Approves Substantial Cost Increase at Gwadar Airport Funded by China and Built by Chinese Contractors

On October 13, Pakistan’s Central Development Working Party (CDWP) approved a 147% cost increase (to approximately $338.2 million) for the Gwadar International Airport that is already being constructed by Beijing Urban Construction Group and China Railway Beijing Engineering Bureau Group. The Gwadar International Airport has been touted as a critical component of China’s ongoing development of the Gwadar Port and associated Free Trade ...