Intended Roles for Singapore in Japan's Proposed $10 Billion Financial Framework to Assist ASEAN Nations to Enhance Energy Security

71 Dr Neo Kok Beng asked the Deputy Prime Minister and Minister for Trade and Industry what are the possible or intended roles for Singapore in Japan's proposal of $10 billion financial framework to assist ASEAN nations in securing oil supplies and enhancing energy security in the face of future energy supply disruptions.

Mr Gan Kim Yong: On 15 April 2026, Japanese prime minister, Sanae Takaichi, announced the US$10 billion Partnership On Wide Energy and Resources Resilience. It is aimed at strengthening energy and supply chain resilience among countries in Asia.

Singapore supports this initiative and we are awaiting details from Japan on how it will be operationalised. For now, we understand that Japan will channel its support primarily through Japanese entities, such as the Japan Bank for International Cooperation, the Japan International Cooperation Agency and the Nippon Export and Investment Insurance. Singapore will work with Japan and other trusted partners to strengthen regional resilience against future supply disruptions and facilitate the flow of energy and essential goods.