Singapore, Australia commit to keep LNG, diesel flowing; working on legally binding agreement
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Singapore and Australia have committed to keeping the trade of essential goods, including liquefied natural gas (LNG) and refined petroleum products, flowing between the countries. The two nations are working on a legally binding agreement to ensure the continued supply of these goods, particularly in the face of global energy disruptions.
Singapore and Australia have agreed to maintain the flow of essential goods, including LNG and diesel. The countries are working on a legally binding agreement to ensure the continued supply of these goods. LNG is a key source of power generation for Singapore, with Australia supplying over a third of its needs. In return, Singapore will continue to supply refined fuels to Australia. The agreement aims to add to the existing free trade agreement between the two countries and ensure economic resilience. Both nations will stay in close contact to manage and respond to external disruptions that may affect their supply chains.
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