The Business Times
business-time-50
NEW GLOBAL ORDER

Why renewables alone cannot deliver energy security for S-E Asia

Asean countries should go beyond diversification of oil import sources

Summarise
google-preferred-sourceAdd BT as a preferred source
阅读简体中文版 (beta)
    • Energy security requires diversification across fuels, technologies and equipment, backed by stronger regional institutions and coordination.
    • Energy security requires diversification across fuels, technologies and equipment, backed by stronger regional institutions and coordination. PHOTO: PEXELS

    Liu Jingting, Parag Dass, Huang Yijia and Yan Bowen

    Published Tue, Apr 14, 2026 · 07:00 AM

    THE effective closure of the Strait of Hormuz on Feb 28, 2026, disrupted the world’s access to roughly 25 per cent of its daily seaborne oil supply overnight.

    After US-Iran peace talks failed to reach a deal on Sunday (Apr 12), US President Donald Trump announced a blockade of Hormuz and threatened to interdict any vessel that had paid Iran’s toll.

    For Asean, a region built on open shipping lanes and imported fuel, the shock is rippling from Manila to Bangkok. Recent developments only heighten the urgency of energy security.

    New Global OrderEnergy securityAseanRenewable energyLiquefied natural gasoil

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More