Australian Prime Minister Anthony Albanese has touched down in Singapore as part of a high-level diplomatic mission aimed at bolstering the country’s fuel supplies, which have been severely impacted by the ongoing Iran conflict. The Southeast Asian nation is a crucial partner for Australia, with the latter relying on imports for approximately 90 percent of its refined petroleum products – a significant portion of which originates from Singapore. Notably, Australia is also the second-largest supplier of liquefied natural gas to the Asian financial hub, underscoring the strategic importance of the relationship.
As part of his visit, Albanese will convene with Singaporean leader Lawrence Wong on Friday following a tour of Jurong Island, home to Singapore’s key oil refining facilities. Albanese emphasized the mutual benefits of cooperation, stating, “It is in both our countries’ interests to engage with each other to ensure we remain reliable suppliers.” Meanwhile, back in Australia, a worrying trend has emerged, with a reported 3 percent of service stations running out of diesel this week.
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