fuel security

Latest news and articles about fuel security from NEX English

Australia Modifies Foreign Funding Laws to Enhance Fuel Security

Australia has announced plans to amend foreign funding laws to bolster fuel security amid ongoing impacts from the war in Iran. Prime Minister Anthony Albanese stated that the country, which imports about <strong>90%</strong> of its fuel, has been facing local shortages since the onset of American and Israeli attacks on Iran.

Philippines Launches Emergency Fund to Enhance Fuel Security

The Philippine Department of Energy announced the activation of a <strong>20 billion peso</strong> emergency fund to enhance fuel security amid ongoing oil price fluctuations due to the conflict in the Middle East. Additionally, it has suspended electricity sales due to fuel supply risks.