ASEAN discussions on regional fuel stockpile in very early stage, says PM Wong

ASEAN discussions on regional fuel stockpile in very early stage, says PM Wong


When asked about whether ASEAN leaders have committed to concrete timelines for formalising agreements on petroleum security, intra-ASEAN supply chains, and the accelerated realisation of the regional power grid, Mr Wong said there was a clear consensus at the meeting that these agreements should be ratified expeditiously.

“Of course, every country will have to operate on its own domestic timelines, but we certainly hope that each one will take it, will do so as fast as possible,” he added.

At the plenary session of the summit, Mr Wong had called for the swift ratification of the agreement that would allow member states to support each other’s oil and gas needs during supply disruptions, which was last renewed in 2025.

He also called for the swift ratification of the upgraded ASEAN Trade in Goods Agreement, which was signed in October 2025, so that it can come into effect ideally within the year.

This agreement includes crisis provisions and commitments on trade in essential goods, and reduces non-tariff barriers to food trade while encouraging the exchange of food safety information.



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