UPDATE 1-Philippines' Duterte says Xi offering gas deal if arbitration case ignored

Philippine President Rodrigo Duterte said his Chinese counterpart has offered Manila a controlling stake in a joint energy venture in the South China Sea, if it sets aside an international arbitral award that went against Beijing. Duterte said Chinese President Xi Jinping told him during their recent meeting that if he ignored the Permanent Court of Arbitration's 2016 ruling, China would agree to be the junior partner in a joint venture to develop gas deposits at the Reed Bank, located within Manila's Exclusive Economic Zone (EEZ). "Set aside the arbitral ruling," Duterte was quoted as telling reporters late Tuesday in remarks provided by his office on Wednesday.

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