00:00With nearly 40% of Malaysia's crude oil imports exposed to potential disruption via the Straits
00:07of Hormuz, what immediate and concrete steps will Malaysia and Australia take following
00:11this visit to safeguard stable energy flows, and are there any contingency plans to discuss?
00:18We did discuss, of course, Australia is also a producer of some products, and we do, so
00:25these exchanges are useful. These are, of course, trying, difficult times, but as friends, and
00:35bilaterally, with excellent relations, we give priority. So we look at the details. We also
00:44met Petronas chiefs, and they will continue to have detailed discussions, and I think what
00:53we need to do is, of course, to see first our domestic requirements, and also Australia's
01:00domestic energy requirements, and see where we can assist each other in a quid pro quo basis.
01:09The issues, areas which we need from Australia, and also items that they need from us. So
01:18I think it will be certainly beneficial to both countries.
01:23The relationship is one which is of benefit to both countries. We're a major exporter of
01:31LNG to here in Malaysia, and of course we receive a range of products, both fuel and fertilisers,
01:39from here in Malaysia. One of the discussions that we had was as well around the prospect of further
01:50enhancement of those relationships, and we've tasked with Petronas and with my department here
01:59further work to be done about how we can deal with what are very challenging times for both
02:06our nations as there is right around the globe. But Australia is very confident that we, of
02:12course, will fulfil the contracts that we have here with Malaysia, because we regard that security
02:22as being so important for our relationships in the region.
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