TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsEnergy, freedom of navigation in Malacca Strait top PM Wong’s visit to Jakarta
Energy cooperation and supply chain resilience took center stage on Monday during Singapore Prime Minister Lawrence Wong’s visit to President Prabowo Subianto, as the conflict in the Middle East continues to disrupt global trade and energy markets.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Singapore's Prime Minister Lawrence Wong (left) and President Prabowo Subianto shake hands on Monday during a joint press conference at the Merdeka Palace in Jakarta. (AFP/Yasuyoshi Chiba)
E
nergy cooperation and supply chain resilience took center stage on Monday during Singapore Prime Minister Lawrence Wong’s visit to President Prabowo Subianto, where the two countries announced dozens of new bilateral agreements, as the conflict in the Middle East continues to disrupt global trade and energy markets.
Arriving in Jakarta on Sunday evening for his second leaders’ retreat with Prabowo, Wong and his delegation received a ceremonial welcome at the Merdeka Palace on Monday before joining Prabowo for a luncheon and closed-door talks.
In their meeting, the leaders discussed a wide range of regional and global issues, according to their joint statement, including food security, defense, ASEAN cooperation, the security of the Malacca Strait and energy cooperation. They later witnessed their ministers presenting 26 signed new agreements and memorandums of understanding (MoUs), 10 of which were dedicated to energy cooperation.
“Recent developments in the Middle East have reminded us of the importance of energy security and diversification. Indonesia has tremendous potential in renewable energy, and Singapore would like to partner with Indonesia in unlocking this potential,” Wong said.
Among the energy-related agreements are those centering on the launch of Indonesia’s first biomethanol pilot production project in North Sumatra, and an MoU between Jakarta’s sovereign wealth fund Danantara and Singapore’s Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections to develop a cross-border electricity project.
“[The MoU] will provide a road map for negotiations and discussions between the parties, paving the way for our cross-border electricity project. We believe such a project is a win-win for both countries and it will also be an important building block for a wider ASEAN power grid,” Wong said.
The two countries also expressed their commitment to expediting the ratification of the ASEAN Petroleum Security Agreement (APSA), which provides a framework for emergency fuel sharing among member states during supply disruptions.
