Financial Times FT.com

Japan and China near gas fields accord

By Michiyo Nakamoto in Tokyo and Mure Dickie in Beijing

Published: June 16 2008 17:04 | Last updated: June 16 2008 17:04

Tokyo and Beijing appear close to agreement on joint development of natural gas fields in disputed waters of the East China Sea, a deal that would resolve one of the most contentious issues to strain Sino-Japanese ties in recent years.

The two countries agreed over the weekend to accelerate negotiations about how they might jointly develop the gas fields, Japan’s foreign ministry said on Monday.

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