Brunei

ASEAN leaders begin summit with energy crisis at the forefront

Leaders of the ASEAN bloc will be discussing conflicts beyond Southeast Asia at the meeting in the Philippines. The Middle East crisis is a major challenge for the economies of countries that depend on fuel imports. Leaders, foreign and economic ministers from the 11 member grouping will attend the?meetings in Cebu on Friday and Thursday. Energy and food security are top priorities for this region of 700 million people. Many Asian countries are scrambling to find alternative oil supplies due to the Middle East conflict. ASEAN ministers have convened special meetings in advance of the summit and the Philippines is

Refined Products

EU's top diplomat urges Southeast Asian countries to find alternatives to Russian oil

Malaysian Petronas will supply excess fuel to Australia, as leaders pledge closer energy relations

Anwar Ibrahim, Malaysia's Prime Minister, said on Thursday that the state energy company Petronas is a major concern. The 'two 'countries would prioritise supplying Australia with their excess fuel supplies as they sought to boost energy security after the Middle East conflict. Anwar claimed to have received an assurance on the issue from Petronas following his discussions with Anthony Albanese, his Australian counterpart on increasing agricultural and fuel trade. Anwar said at a Press Conference after the meeting in Malaysia's administrative Capital Putrajaya, "The priority is domestic requirements... But here is where negotiation among friends is critical." Anwar said that

Energy Markets

Philippines: any energy deal with China must respect Philippine sovereignty

US, Philippine troops shoot down drones in joint defence drills

U.S. soldiers and Philippine soldiers destroyed drones using Stinger missiles in live-fire drills Sunday. The exercises were part of an annual joint military exercise that took place during a time when tensions between Beijing and the Philippines over the South China Sea are simmering. More than 14,000 Filipino and U.S. troops are participating in this year's Balikatan, or "shoulder-to-shoulder", exercises, which run until May 9, focusing on a "full battle test" between the two defence treaty allies in response to regional security concerns. China has condemned the drills for being provocative. The drills took place in Zambales, a province located

Natural Gas Liquids

Bangladesh seeks long-term LNG contracts, to build new LNG import terminals

An adviser for the South Asian nation’s energy ministry told the India Energy Week Conference on Tuesday that Bangladesh is interested in long-term LNG deals with nations like Brunei. Muhammad Fouzul Kabir Khan said that the government is close to finalising a list of nations from which it will buy LNG on a spot basis. He also stated that two LNG import facilities are planned. The first will be an on-land terminal with a 1,000 million cubic foot per day capacity. The second will be a floating storage and regassification facility with a 600 million cubic foot per day capacity.

United States, Japanese, Philippine leaders discussed China's behavior in South China Sea, White Home says