Australian prime minister Anthony Albanese and his Singaporean counterpart Lawrence Wong have agreed to cooperate closely on energy security. This comes amid disruptions in global supply chains and energy markets due to the conflict in the Middle East.

Australia and Singapore on Friday said they will continue to supply each other with energy sources they export.

That includes liquefied natural gas or LNG, which Australia supplies to Singapore, as well as refined petroleum products like diesel, which Singapore supplies to Australia.

One of the key points of the agreement is that Australia will continue supplying LNG to Singapore.

Likewise, Lawrence Wong assured his Australian counterpart that Singapore will continue supplying refined fuels to Australia.

Building on their joint statement on energy security on March 23, the two countries stated their determination to make maximum efforts to meet each other’s energy security needs in the context of the acute energy crisis currently affecting global markets.

“We agreed on a simple but critical principle: we will keep trade flowing between our two countries. Essential goods will continue to move between Australia and Singapore. We are moving quickly to translate these commitments into action,” Wong said at the joint press conference with Australian prime minister Albanese on April 10.

The two countries are working towards a “legally binding protocol on economic resilience and essential supplies, covering energy and other critical sectors,” Wong said, describing it as “building trusted supply lines for a more uncertain future.”

Singapore and Australia will also enhance coordination to respond to external disruptions that could affect both countries or impact their supply chains.

The two countries will soon convene their first Energy Ministerial Dialogue to strengthen their cooperation and establish an Economic Resilience Dialogue, co-chaired by senior officials, to facilitate cooperation on economic resilience challenges and trade in essential supplies.

“Unfortunately, these are difficult times, not just for Australia and Singapore, but for countries everywhere. The effects are rippling across the global economy. As open and trade-dependent nations, Singapore and Australia feel these pressures directly. That is why in times like these, we must work closely, move faster, and stand together – not just to manage the risks, but to protect the wellbeing of our people,” the Singaporean prime minister highlighted in his remarks.