Last mentioned: 5d ago
IEA releases report on SE Asia energy security
The report warns that the Iran war has exposed major risks, with energy import bills possibly tripling to $245 billion by 2035 without diversification.
Discharge Deadline
Final date for sanctioned Iranian oil to be discharged under current US waiver.
Russian Import
Expected arrival of first Russian crude shipment in five years under a 30-day waiver.
Diplomatic Confirmation
Ambassador Romualdez confirms ongoing talks with US State Dept for sanctions waivers.
Emergency Declaration
Philippines declares a one-year national energy emergency due to Middle East war fallout.
Supply Assessment
Government reports 45-day fuel buffer; US issues 30-day waiver for Iranian oil already at sea.
PDAC Convention
Philippine delegation attends the global mining convention in Toronto to court Canadian investors.
Geopolitical shocks from the Iran war are reshaping Asian energy procurement strategies, with companies scrambling to secure coal supplies as the Strait of Hormuz closure chokes off oil and gas. This shift threatens to raise logistics costs, create new supply chain bottlenecks, and reorder long-term energy contracts.
The IEA warns that Southeast Asia’s heavy dependence on oil and gas shipped through the Strait of Hormuz could triple energy import costs to $245 billion by 2035, directly threatening logistics and manufacturing. Supply chain managers must brace for sustained fuel price volatility and potential physical disruptions, while accelerating diversification of energy sources and routes.
The Philippines has declared a one-year national energy emergency, prompting high-level negotiations with Washington for sanctions waivers to import oil from Iran, Russia, and Venezuela. Faced with a 45-day supply buffer and escalating Middle East tensions, Manila is pivoting toward sanctioned energy sources to stabilize its domestic power and logistics sectors.
The Philippines is aggressively pursuing international partnerships with the US, South Korea, and Canada to unlock $1 trillion in critical mineral reserves. However, analysts warn that the lack of a coherent national roadmap and structural reforms may prevent the country from transitioning to a high-value processing hub.
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| What you see | What it tells you |
|---|---|
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