ASEAN Foreign Ministers Discuss Energy and Security Challenges in Manila

ASEAN foreign ministers began meeting in Manila, the Philippine capital, on November 14 to seek a coordinated response to rising energy prices, security tensions and the approaching El Niño. The meetings open a series of diplomatic events centered on the ASEAN Summit from November 15 to 17.

The Philippines prepares for the ASEAN Summit.（VietVance）

Ahead of the meetings, Philippine President Ferdinand Marcos Jr. stressed that ASEAN needs to remain united and pursue joint action to address these challenges. During the summit, leaders of member states will also meet their counterparts from major partners, including the United States, China and Japan.

Energy security is a prominent issue at the meetings. The Philippines and several other Southeast Asian economies that depend on imported fuel face pressure from rising costs. High fuel prices affect people’s lives and business operations while adding to inflationary pressure. The energy crisis, described in the original report as being affected by the Middle East conflict, has exposed weaknesses in the region’s energy security; a proposal to establish a shared oil reserve remains under study.

The Japan-led Asia Zero Emission Community Summit is expected to take place in Manila next week. The initiative aims to advance energy security and economic growth while reducing carbon emissions. Related discussions will also sustain this round of diplomatic activity’s focus on energy.

Source: VietVance