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This Week in AsiaPolitics

Energy crisis dominates Asean summit, forcing long-standing issues to back burner

Southeast Asia is one of the worst affected by the global fuel crisis due to its high imports of oil and gas coming from the Gulf

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Philippine President Ferdinand Marcos Jnr delivers an opening speech at the Asean summit in Cebu on Friday. Photo: Reuters
Sam Beltran
The spectre of the global energy crisis loomed over the three-day Asean summit in the Philippines as regional leaders converge for a final day of talks in Cebu on Friday.

Analysts say that while some major flashpoints were addressed – with Thailand and Cambodia’s joint statement of solidarity being a bright spot – surging fuel costs as a result of the Iran war weighed heaviest on the minds of Southeast Asian leaders.

The fuel crisis was the “defining issue”, said Vu Lam, an Asean observer and policy researcher. Philippine leader and Association of Southeast Asian Nations chair Ferdinand Marcos Jnr had even restructured the summit agenda to prioritise energy security.

In his opening remarks on Friday, Marcos said Asean was standing together to demonstrate its capacity to respond with unity and resolve, but must remain agile.

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