SINGAPORE (Bernama): Singapore and Australia have reaffirmed their commitment to strengthening energy security and maintaining open trade flows amid escalating tensions in West Asia.
In a joint statement on Monday, Singapore Prime Minister Lawrence Wong and his Australian counterpart Anthony Albanese voiced deep concern over the situation and its potential impact on global energy supply chains.
This includes supporting the flow of essential goods, such as petroleum products like diesel and liquefied natural gas, between the two countries, as well as notifying and consulting each other on any disruptions affecting energy trade.
"We are committed to working together to strengthen energy supply chain resilience, including by deepening regional cooperation, accelerating renewable energy transition, addressing unjustified import and export restrictions and maintaining open trade flows," the statement read.
The statement was issued by the Ministry of Foreign Affairs following a phone call between Wong and Albanese on Monday.
According to the statement, Australia and Singapore will accelerate negotiations on an arrangement for trade in essential supplies.
Both countries will also explore options for a future legally binding commitment, including bilateral arrangements such as consultation and early notification in the event of potential disruptions.
This is in line with the Comprehensive Strategic Partnership 2.0 joint declaration agreed in October 2025.
"We call on other trading partners to join us in ensuring global energy supply chains are kept open, for the benefit of the security and prosperity of our peoples," it added.
-- BERNAMA
