Tight Oil Supply Impacts Asia-Pacific: Japan and Australia Strengthen Energy and Supply Chain Cooperation
Japan and Australia announced they will strengthen energy and supply chain cooperation to urgently respond to tightening global oil supplies, exacerbated by the situation in the Strait of Hormuz. The two nations also deepen defense cooperation to enhance economic and strategic resilience.
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Central News Agency
(Central News Agency, Canberra 4th, comprehensive foreign report) Japanese Prime Minister Sanae Takaichi stated today that the tightening global oil supply is having a "huge impact" on the Asia-Pacific region, and Japan and Australia will respond urgently to ensure stable energy supply.
According to AFP, shipping in the Strait of Hormuz, which carries about one-fifth of the world's oil and natural gas trade, has been nearly paralyzed since the United States and Israel jointly attacked Iran.
According to the International Energy Agency (IEA), 80% of this oil ultimately flows to Asia.
Takaichi Sanae pointed out after meeting with Australian Prime Minister Anthony Albanese in Canberra: "The de facto closure of the Strait of Hormuz has had a huge impact on the Indo-Pacific region."
She emphasized that Japan and Australia will cooperate closely and accelerate their response to the current situation, while strengthening energy independence and supply resilience to ensure stable supply.
Australia is a major supplier of coal and liquefied natural gas to Japan, and about 7% of Australia's domestic diesel is imported from Japan.
The two countries issued multiple statements, pledging to deepen cooperation in energy, economy, defense, and critical minerals. Albanese said that the relevant agreements will help Australia reduce its vulnerability to global shocks, especially as energy fluctuations are triggered by the Middle East conflict.
In addition, Japan is concerned about the supply of critical minerals required for semiconductors, electric vehicle batteries, and weapon systems; Australia emphasized that its abundant resources help weaken China's dominant position in the rare earth supply chain.
The two countries are continuously deepening defense cooperation. Last year, they signed a historic defense agreement in Melbourne, under which Japan will provide 11 improved "Mogami-class" stealth frigates to the Australian Navy, with a total value of up to 10 billion Australian dollars (NT$227.6 billion).
Takaichi Sanae also reiterated the promotion of a "free and open Indo-Pacific region" strategy in a diplomatic speech over the weekend, emphasizing that Japan will be committed to strengthening energy and critical mineral supply chains to enhance overall strategic resilience. (Compiler: Liu Wen-Yu) 1150504
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Central News Agency
(Central News Agency, Canberra 4th, comprehensive foreign report) Japanese Prime Minister Sanae Takaichi stated today that the tightening global oil supply is having a "huge impact" on the Asia-Pacific region, and Japan and Australia will respond urgently to ensure stable energy supply.
According to AFP, shipping in the Strait of Hormuz, which carries about one-fifth of the world's oil and natural gas trade, has been nearly paralyzed since the United States and Israel jointly attacked Iran.
According to the International Energy Agency (IEA), 80% of this oil ultimately flows to Asia.
Takaichi Sanae pointed out after meeting with Australian Prime Minister Anthony Albanese in Canberra: "The de facto closure of the Strait of Hormuz has had a huge impact on the Indo-Pacific region."
She emphasized that Japan and Australia will cooperate closely and accelerate their response to the current situation, while strengthening energy independence and supply resilience to ensure stable supply.
Australia is a major supplier of coal and liquefied natural gas to Japan, and about 7% of Australia's domestic diesel is imported from Japan.
The two countries issued multiple statements, pledging to deepen cooperation in energy, economy, defense, and critical minerals. Albanese said that the relevant agreements will help Australia reduce its vulnerability to global shocks, especially as energy fluctuations are triggered by the Middle East conflict.
In addition, Japan is concerned about the supply of critical minerals required for semiconductors, electric vehicle batteries, and weapon systems; Australia emphasized that its abundant resources help weaken China's dominant position in the rare earth supply chain.
The two countries are continuously deepening defense cooperation. Last year, they signed a historic defense agreement in Melbourne, under which Japan will provide 11 improved "Mogami-class" stealth frigates to the Australian Navy, with a total value of up to 10 billion Australian dollars (NT$227.6 billion).
Takaichi Sanae also reiterated the promotion of a "free and open Indo-Pacific region" strategy in a diplomatic speech over the weekend, emphasizing that Japan will be committed to strengthening energy and critical mineral supply chains to enhance overall strategic resilience. (Compiler: Liu Wen-Yu) 1150504
Choose to stand with facts; every sponsorship you provide is a force protecting press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.