ASEAN backs fuel-sharing pact, regional power grid amid global shock

LAPU-LAPU CITY, Cebu – Leaders of the Association of Southeast Asian Nations (ASEAN) endorsed faster implementation of regional energy-sharing mechanisms and power interconnectivity projects amid growing concerns over global fuel supply disruptions linked to the conflict in the Middle East. At a press conference following the 48th ASEAN Summit here, President Ferdinand R. Marcos Jr. said the regional bloc agreed on the need for stable and reliable energy supply chains and stronger regional cooperation on energy security. READ: Asean pushes for oil reserve Among the concrete measures discussed was the expedited ratification of the ASEAN Framework Agreement on Petroleum Security […]...

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