Philippines Leads ASEAN Push for Regional Energy Security

The Philippines is advocating for enhanced energy cooperation among Southeast Asian nations during the 44th ASEAN Ministers on Energy Meeting in Manila, held from October 5-9, 2026. The push follows severe supply disruptions and an energy crunch caused by the US-Israeli war against Iran, which effectively shut down the Strait of Hormuz. Because ASEAN member states import more than half of their refinery crude from the Middle East, global benchmark prices have climbed to approximately $100 per barrel.

Philippine Energy Secretary Sharon Garin stated that energy security is a "shared challenge," warning that market disruptions could impact households, industries, and fuel availability. While the Philippines previously declared a national energy emergency, other members including Thailand, Vietnam, Indonesia, and Cambodia have implemented fuel rationing and energy-conservation measures. To reduce dependence on Middle Eastern supply chains, ministers are reviewing the ASEAN Framework Agreement on Petroleum Security (APSA), the ASEAN Power Grid, and regional fuel-stockpiling arrangements.

The International Energy Agency warns that without structural changes, the region's energy import bill could rise from $80 billion in 2024 to $245 billion by 2035. Despite these goals, the bloc faces obstacles including insufficient storage capacity and a lack of supranational enforcement authority. These discussions serve as a precursor to the 48th ASEAN Summit, scheduled for October 27-29 in Manila, where the Philippines will exercise its rotating chairmanship.