Indonesian Energy Minister Bahlil Lahadalia hopes to partner with Malaysia, Brunei, and the Philippines to advance the proposal for an oil hub to boost reserves and ensure energy security in Southeast Asia.
Indonesia ’s Energy Minister Bahlil Lahadalia said on Monday that no agreement has been reached on the hub’s location but it hopes to partner with Malaysia, Brunei and the Philippines to advance the proposal.
Indonesia's Energy Minister Bahlil Lahadalia speaking at a press conference on government policies in Jakarta on Mar 31, 2026. Add CNA as a trusted source to help Google better understand and surface our content in search results.oil storage hub to boost reserves, as Southeast Asian leaders mull steps to strengthen energy security amid the ongoing Middle East conflict.
Indonesia’s Energy Minister Bahlil Lahadalia said on Monday that no agreement has been reached on the hub’s location but it hopes to partner with otherby state news agency Antara, and added that the regional oil hub would help supply Southeast Asian countries during disruptions. linked to Bahlil's visit to the Philippines last week with President Prabowo Subianto for the 48th ASEAN Summit in Cebu.to cushion against the impacts of the Strait of Hormuz closure - and potentially similar incidents in the future that could strain crucial fuel and fertiliser supplies to the region.
"The situation right now is very different for each country. Some countries have a surplus of a certain kind of fuel. Other people have a shortage, and we're trying to balance that out," said Marcos, who is the 2026 chair of the 11-member bloc.
ASEAN’s proposed resilience measures must go into ‘full gear’, but domestic priorities a stumbling block "And when something like this happens - a war happens and a trade route like the Strait of Hormuz is closed with all the attendant effects - we have somewhere to immediately run to for emergency supply,” he added.plans for a domestic oil storage facility in a Sumatra special economic zone to raise its national reserves, adding that the Sumatra project would proceed even if Indonesia is not chosen to host the ASEAN hub.
The ongoing war between Iran and the United States and Israel has entered its 11th week amid a fragile ceasefire and the continued closure of the Strait of Hormuz, which normally carries one-fifth of the world’s oil and gas supply. Earlier on Mar 4, Bahlil reportedly said that the energy ministry conducted a feasibility study for an oil strategic facility on Nipa Island among the Riau islands, and aims to begin construction this year, according to Indonesian energy news outlet Petromindo.com.
Bahlil added that the storage development plan was reported to Prabowo, who advised that the plan be implemented as soon as possible, reported Petromindo.
“This is about survival. If we want energy security, we must address the core issues quickly so we do not remain dependent,” Bahlil was quoted as saying, adding that investors had already been secured, with funding coming from domestic and international sources,We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
Indonesia Energy Minister Oil Hub Southeast Asia ASEAN Energy Security Middle East Conflict Fuel Supply Philippines ASEAN Summit Sumatra Project
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