Baffin Bay Geological Survey has estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural-gas liquids. Accordingly, the Greenland authorities have offered a large number of off-shore concessions for potential hydrocarbon (oil and gas) extraction. The largest concession-areas are located in seas west of Greenland; primarily in Baffin Bay and the Davis Strait, but with several smaller concessions in the Greenland Sea in the east also. Baffin Bay
Taiwan Strait Taiwan Strait The Taiwan Strait, or Formosa Strait, is a -wide strait separating the island of Taiwan from mainland China. The strait is part of the South China Sea and connects to the East China Sea to the north. The narrowest part is wide. The Taiwan Strait is the section of sea between the Chinese mainland (in Asia) and the island of Taiwan. Much of China's Fujian Province is west of the strait, having the main islands of Kinmen, Xiamen (a major city overspilling into the mainland and including Gulangyu Island), Pingtan and Matsu just off its coast. The Penghu