Government considering licence to drill
Gas exploration in Manx waters has taken the interest of Chinese media - as Asian investors are drawn to partnership opportunities here.
Earlier this year, government announced it'll be initiating a process for petroleum exploration licences, which start this month.
It's said BP Global is reporting at least '2.5 billion cubic metres of gas sites within a 4,000km square seabed' here.
China Daily quoted the Department of Economic Development's Head of Special Projects, Steven Beevers, as saying it could generate around £6.23 billion of revenue.
China is the second highest target on government's business wish list after the UK - it's been engaged in developing and managing relationships there for some years.
The news outlet has said the Manx government is offering equity participation, and to act as a silent partner.
It claims Mr Beevers says this administration is open to partnerships with Chinese organisations in energy, and other sectors too.
Steam Packet schedule altered due to poor weather forecast
Loganair passengers offered free travel changes
DoI Minister receives Cregneash bus petition
December sentence for Peel man caught drug driving
