Australia is one of the world’s top LNG producers, alongside Qatar, the US and Russia. Singapore generates about 95 per cent of its electricity using imported natural gas, comprising LNG and pipeline gas from neighbouring countries.
Mr Wong said he appreciated Mr Albanese’s assurance that Australia will continue supplying LNG to Singapore. Likewise, Singapore will continue supplying refined fuels to Australia.
According to Australian government statistics for 2025, Singapore is Australia’s largest supplier of refined petroleum products. Singapore accounted for 26 per cent of Australia’s refined fuel imports, close to 55 per cent of its gasoline imports, 23 per cent of its aviation turbine fuel imports and 16 per cent of its diesel imports.
“As a global refining hub, we will keep these flows going – as long as upstream supplies continue,” said Mr Wong.
In the joint statement, both leaders reaffirmed their support for the current ceasefire in the Middle East and encouraged negotiations to bring an end to the conflict, recognising the significant economic impact of the crisis.
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