Albanese, Sultan of Brunei share 'deep concern' amid ongoing energy crisis

Australia's Prime Minister Anthony Albanese has secured assurances from Brunei that it will not impose export restrictions on vital supplies like diesel and fertiliser, a significant move amid global energy uncertainty.

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What's guaranteed is that they are not looking at imposing export restrictions on Australia.

During his visit to the Southeast Asian nation, Albanese and Sultan Haji Hassanal Bolkiah expressed shared concerns over the ongoing war in the Middle East and its impact on energy supply chains. This collaboration highlights Australia's proactive approach to shoring up its energy security, particularly its reliance on Brunei for about 10% of its diesel and urea imports.

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And as we go forward, of course, in today's uncertain world, there are pressures on all of the economies in the region … not only did we speak today about existing supplies coming, we spoke about additional supplies as well.

The agreement underscores a commitment to deepening regional cooperation, accelerating renewable energy resources, and maintaining open trade flows. For Australia, this means not only securing existing supplies but also exploring possibilities for additional shipments, offering a crucial buffer against potential disruptions.

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You can't take that much [oil] supply out … without having consequences for global economy.

Albanese's diplomatic tour, which includes upcoming meetings in Malaysia, demonstrates a clear strategy to diversify energy sources and shield the Australian economy from global volatility. While acknowledging that Australia is not immune to these global pressures, the government's efforts signal a determination to ensure fuel availability for the nation.

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We are doing what we can to shield Australia, best as we can, from the impact of this global action.