Mr Wong and Mr Albanese mentioned they have been dedicated to working collectively to strengthen vitality provide chain resilience.
This contains efforts to deepen regional cooperation, speed up renewable vitality transition, handle unjustified import and export restrictions and keep open commerce flows, mentioned the 2 prime ministers after a cellphone name on Monday.
“On this context, we reaffirm our dedication to strengthen vitality safety, to assist the circulation of important items, together with petroleum oils, equivalent to diesel, and LNG between our two nations,” they mentioned.
Australia is among the world’s prime LNG producers, alongside Qatar, the US and Russia.
LNG is traded globally, and provide disruptions can rapidly ripple throughout areas as patrons compete for restricted cargoes.
This issues for Singapore, the place 95 per cent of its electrical energy is generated utilizing imported pure fuel, comprising LNG and pipeline fuel from neighbouring nations.
