Advertisement
Singapore, Australia vow uninterrupted fuel supply amid global energy shock
Both countries are also working towards a legally binding agreement on economic resilience and essential supplies
3-MIN READ3-MIN
1
Listen
Singapore and Australia pledged on Friday to keep fuel and gas flowing between them as the Middle East conflict rattled global energy markets, with both sides also working towards a legally binding agreement on essential supplies.
At a joint press conference in Singapore, Australian Prime Minister Anthony Albanese said Canberra stood ready to supply more liquefied natural gas (LNG) if the city state needed it, while Albanese’s Singaporean counterpart Lawrence Wong said his government would continue sending refined fuels to Australia.
The commitments underscored how each side has become an important energy partner for the other amid mounting regional concern over supply disruptions.
Advertisement
“Australia has been a very reliable supplier of LNG, and we will remain so … We believe, very critically, that our reputation as a reliable supplier of energy, not just to Singapore but to other nations in the region, is a critical part of the way that Australia is perceived quite rightly, and what that has done is to lead to confidence as well for investment in extraction of those goods,” Albanese said.
Albanese, who arrived in Singapore on Thursday for a three-day visit, was speaking to the media alongside Wong.
Advertisement
Advertisement
Select Voice
Select Speed
1.00x