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Australia, Malaysia Agree to Boost Energy Security Cooperation

(MENAFN) Australia and Malaysia have agreed to deepen cooperation on energy security and improve the resilience of regional supply chains, according to a joint statement released on Thursday.

The statement highlighted the economic and trade ties between the two countries, noting that each plays a role in supporting the other’s energy needs. It described their relationship as mutually beneficial, with both nations serving as energy suppliers to one another.

The announcement followed a meeting between Australian Prime Minister Anthony Albanese and Malaysian Prime Minister Anwar Ibrahim in Putrajaya.

Both sides expressed concern over ongoing conflicts in the Middle East and warned about their wider impact on the region, particularly on energy supply chains, pricing, and the flow of essential resources such as oil and natural gas.

They emphasized their shared commitment to maintaining open and rules-based energy trade, reaffirming the importance of stable and predictable exchange between the two countries.

The statement also outlined plans to improve communication on energy-related issues, including exchanging information on a “no surprises” basis and expanding practical cooperation to strengthen long-term energy security.

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