China’s Ministry of Land and Resources announced Thursday the discovery of natural gas reserves exceeding 100 billion cubic meters in the northern South China Sea.   The reserves were found in a prospect well numbered LW 3-1-1 in the Zhujiangkou basin 250 kilometers from Hong Kong, which can be ‘the country’s largest offshore natural gas find’.   It was China's first prospect well with a drilling depth of more than 1,000 meters, according to the ministry.   “It also proves that the South China Sea possess considerable oil and gas resource potential,” the ministry said, Forbes wrote.