Asean Business logo
SPONSORED BYUOB logo
THINKING ALOUD
·
SUBSCRIBERS

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

Anita Gabriel
Published Wed, Mar 25, 2026 · 07:00 AM
    • As fuel costs rise, governments move to conserve supply and tighten flows. That is when a price shock starts to become a volume problem.
    • As fuel costs rise, governments move to conserve supply and tighten flows. That is when a price shock starts to become a volume problem. PHOTO: REUTERS

    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.