00:00ASEAN as a grouping can look into the possibility of building our stockpile in the future.
00:09Maybe we can have something like understanding among all the ASEAN members.
00:15We register what are the quantity of oil that we need.
00:21And then we can start planning how to come and organize and arrange the import of this oil on a
00:31regional basis.
00:33Investment Trade and Industry Minister Johari Ghani said ASEAN is exploring the possibility of establishing a regional fuel stockpile
00:40to strengthen energy security and improve collective resilience against future supply disruptions.
00:46He said the proposal would allow member states to coordinate fuel needs and reserves as a regional grouping instead of
00:53acting individually.
00:54Johari said the idea remains at an early stage but reflects growing concerns over global energy volatility and its impact
01:02on Southeast Asia.
01:04He said the framework would require structured coordination among member states, including mapping national demand and planning imports collectively.
01:12Johari added that the initiative could begin with a small group of willing countries before being expanded across the block.
01:20He added that private sector involvement would be crucial for this proposal to take place, saying governments would not be
01:26able to execute it on their own.
01:29Hanyu Jo, Cibu Philippines, FMT.
01:31Did you get do it in La Boona Le影?
01:33Tell me their thoughts there directly, Patuna Leung of this opportunity for the future to rest one of these days.
01:33Well, whoseostatley is a great concept.
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