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For a complete list of exchanges and delays, please click here. Japan mulls drilling near disputed gas field: media Tweet This Share on LinkedIn Share on Facebook Related News Security, rain dampen China protests against Japan Sat, Sep 18 2010 Japan's Maehara: watching China gas field actions Fri, Sep 17 2010 Japan PM to keep key ministers in Friday rejig Thu, Sep 16 2010 Japan PM to keep key ministers in posts rejig-media Wed, Sep 15 2010 China protest calls grow in Japan dispute Wed, Sep 15 2010 Analysis & Opinion China’s yuan: a guide for the perplexed Related Topics World » China » China Labor Unrest » Japan » 1 / 5 Posters of Japanese flags are seen left behind by anti-Japan protesters during a rally near the Japanese embassy in Hong Kong September 18, 2010. Credit: Reuters/Tyrone Siu TOKYO | Sat Sep 18, 2010 11:31pm EDT TOKYO (Reuters) - Japan may start drilling near a gas field in disputed waters of the East China Sea if China does the same, the Nikkei business daily reported on Sunday, as territorial tensions between the countries grow. Japanese Prime Minister Naoto Kan and his foreign minister said Tokyo will take "countervailing steps" if China starts drilling at the Chunxiao gas field to which Beijing recently sent equipment, Nikkei said, adding that Tokyo had looked into possibly taking the case to international maritime court. The exchange over the gas field is adding to an increasingly testy Sino-Japanese argument about territorial rights in the seas, especially around a group of uninhabited islets called the Diaoyu islands in China and the Senkaku islands in Japan. The dispute flared earlier this month after Japan arrested the captain of a Chinese fishing boat, following collisions with Japan Coast Guard ships near the islands. China has repeatedly demanded Japan free the captain, whose detention period is set to expire on Sunday, and has bared its anger by cancelling planned talks with Japan over natural gas reserves. Japanese prosecutors can hold the Chinese boat captain for up to a total of 20 days, up to Sep. 29, while deciding whether to take legal action. On Saturday, about a hundred Chinese protesters in several Chinese cities demanded Japan free the boat captain. Police presence was still heavy at the Japanese embassy in Beijing on Sunday but there were no signs of protests. The two countries are at odds over China's exploration for natural gas in the East China Sea, while Beijing is also involved in territorial disputes with Southeast Asian nations in the South China Sea over an area rich in energy and key to shipping. The Sino-Japanese row centers on where the boundary between the two sides' exclusive maritime economic zones falls. In 2008, the two countries agreed in principle to solve the feud by jointly developing gas fields. Estimated net known reserves in the disputed fields are a modest 92 million barrels of oil equivalent, but both sides have pursued the issue because there may be larger hidden reserves. (Reporting by Yoko Kubota in TOKYO and Chris Buckley in BEIJING, editing by Miral Fahmy) World China China Labor Unrest Japan Comments See All Comments (1) | Post Comment Sep 18, 2010 11:55pm EDT China being a veto wielding member of the U.N., it can give Japan a lot of hard time, more than the gas field is worth. skeptico Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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