Australia's Asian Allies Secure Fuel Supplies

0:00Australia's Asian trading partners are stepping up with promises of steady fuel supplies, even as the Middle East mess with Iran and the strait of. Hormuz shutdown shakes up global oil flows. Countries like Singapore, South Korea, Malaysia, and Japan have given the green life for normal petrol and diesel deliveries, easing fears of shortages down under. Assistant Foreign Minister Matt Thistlethwait shared that top officials from Japan and South Korea locked in those assurances during recent meetings. The government's pushing hard on this, with Prime Minister Albanese eyeing a trip to Singapore right after Easter to lock down more security on fuels. Energy Minister Chris Bowen says they're now pulling refined fuel from spots like the United States and Mexico to mix up supply chains. It's smart diversification, especially since these Asian nations gobble up heaps of Australia's liquefied natural gas, giving Canberra some real, bargaining power. That leverage might mean holding off on a new windfall profits tax for gas

1:00companies, as talks heat up before the May 12 budget. To PAN and South Korea have pushed back hard against anything that could crimp LNG exports. Meanwhile, Japan's Prime Minister Senai Takaiichi plans a visit here soon to chat rare herbs and ways to reopen the strait. A parliamentary inquiry into oil and gas taxes wraps May 7, but sources say the big call on new levies is still up in the air, supply security. Comes first in these key ties. That's your sending news today update. AI powered and always on.