Mr Wong and Mr Albanese stated they have been dedicated to working collectively to strengthen power provide chain resilience.
This consists of efforts to deepen regional cooperation, speed up renewable power transition, tackle unjustified import and export restrictions and preserve open commerce flows, stated the 2 prime ministers after a telephone name on Monday.
“On this context, we reaffirm our dedication to strengthen power safety, to assist the circulate of important items, together with petroleum oils, comparable to diesel, and LNG between our two international locations,” they stated.
Australia is without doubt one of 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 consumers compete for restricted cargoes.
This issues for Singapore, the place 95 per cent of its electrical energy is generated utilizing imported pure gasoline, comprising LNG and pipeline gasoline from neighbouring international locations.
