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Philippine President Ferdinand Marcos Jr. has urged for the prompt activation and testing of the ASEAN Petroleum Security Agreement (APSA), emphasizing its importance amid ongoing oil crises triggered by conflicts in West Asia. During the Asia Zero Emission Community (AZEC) Plus online summit, hosted by Japan, Marcos highlighted the precarious situation of Asian economies that heavily rely on imported oil, particularly due to recent disruptions in shipping routes.
Marcos proposed that the Philippines could host or co-chair the first emergency simulation exercise for APSA, a mechanism that he believes should now be put to the test. He voiced the necessity for a regional study focused on joint oil stockpiling, aiming to enhance the collective security of petroleum supplies across Southeast Asia.
To reinforce energy security, Marcos suggested that fuel companies should bolster their emergency reserves. He proposed increasing the mandatory oil stockpiles from 15 to 30 days and extending liquefied petroleum gas reserves from seven to 21 days. This would ensure a more resilient response to supply interruptions and enhance preparedness for future crises.
The President has also outlined a comprehensive strategy aimed at reducing the Philippines’ dependence on West Asian oil supply routes, which he described as vulnerable choke points. Implementing a risk-calibrated oil procurement strategy is part of his administration’s effort to diversify sources and improve energy security.
By advocating for these measures, Marcos underscores the critical need for regional cooperation in energy supply management, particularly in light of current geopolitical tensions. His proactive stance aims to position the Philippines as a central player in discussions surrounding energy security within Southeast Asia.
This call to action not only reflects the urgency of immediate responses but also aims for long-term solutions to ensure that the region can withstand future crises without significant economic fallout. The success of these initiatives will depend on collaborative efforts among ASEAN member states, setting the stage for a more secure energy future.
The APSA’s activation is seen as a crucial step towards safeguarding the region’s energy supply, prompting discussions about its guidelines and operational effectiveness. As the energy landscape continues to evolve, responses like Marcos’s may be essential for navigating the complexities of energy dependency and securing the economic stability of nations in Southeast Asia.
Original Source: https://www.thehindu.com/news/international/iran-israel-us-war-west-asia-conflict-live-updates-april-15-2026/article70863575.ece
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Publish Date: 2026-04-15 18:33:00
