SINGAPORE – Singapore and Australia have committed to keeping essential goods – including liquefied natural gas (LNG) and refined petroleum products – flowing between the countries.
Both countries are working quickly to turn this commitment into action through a legally binding agreement, said Prime Minister Lawrence Wong at a joint press conference with his Australian counterpart Anthony Albanese at the Istana on April 10.
This pact on economic resilience and essential supplies will span energy and other critical sectors, and is expected to add to the existing free trade agreement between the two countries.
“This is not just about managing today’s crisis. It is about building trusted supply lines for a more uncertain future,” said PM Wong.
His remarks build on a pledge by both countries in March to keep the flow of key goods unimpeded as the conflict in the Middle East continues to disrupt global energy supply chains and prices.
PM Wong said on April 10 that both leaders, who had a meeting before the press conference, agreed on a “simple but critical principle” of keeping trade flowing between the two countries.
LNG is one of the Republic’s key sources of power generation, and Australia supplies more than a third of Singapore’s needs.
PM Wong thanked Mr Albanese, who is in Singapore for an official visit till April 11, for his assurance that Australia will continue supplying the Republic with LNG.
He also said that Singapore will continue supplying refined fuels to Australia.
“As a global refining hub, we will keep these flows going as long as upstream supplies continue.”
Australian government statistics for 2025 showed that Singapore is Australia’s largest supplier of refined petroleum products, accounting for 26 per cent of refined fuel imports, 55 per cent of petrol imports, 22 per cent of aviation and turbine fuel imports, and 16 per cent of diesel imports.
Both countries will also stay in close contact to manage and respond quickly to any external disruptions that may affect Singapore or impact its supply chains, said PM Wong.
There will be both a ministerial dialogue on energy and a dialogue on economic resilience held soon to tackle common trade challenges and preserve the flow of essential supplies, he added.
“These are uncertain and unprecedented times, but it is precisely in such times that partnerships matter most,” he said.
Mr Albanese said that in a time of global uncertainty, trust, friendship and cooperation with neighbours matter more than ever.
The relationship between Singapore and Australia helps deliver energy security to both countries, he said.
