Emergency extinguisher full or empty? Crunch time for Asean’s fuel pact
This energy crisis will test whether the bloc’s emergency fuel-sharing pact is a gentleman’s agreement in disappearing ink
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
NOT long ago, the big story in South-east Asia’s cross-border energy space was on Singapore’s plan to import clean power from the region, including Cambodia via subsea cables. That is no longer the case.
As the Middle East crisis upends global energy markets, Cambodia is now scrambling for fuel from Malaysia and Singapore while supply tightens and export curbs bite.
This is precisely the kind of situation the Asean Petroleum Security Agreement (Apsa) was designed to address. Yet, there has been little public indication that the mechanism is being invoked – a telling detail in itself.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Prime Orchard condo High Point takes fifth stab at en bloc sale with S$580 million asking price
