Indonesia, Philippines show interest in Russian oil, gas, fertilisers

Amid ongoing complexities in the Middle East conflict, several Southeast Asian countries, including Indonesia and the Philippines, have expressed interest in cooperation with Russia in oil, gas and fertiliser supplies to help safeguard energy security and agricultural production.

A Russian oil refinery. (Photo: The Moscow Times/VNA)
A Russian oil refinery. (Photo: The Moscow Times/VNA)

Moscow (VNA) – Amid ongoing complexities in the Middle East conflict, several Southeast Asian countries, including Indonesia and the Philippines, have expressed interest in cooperation with Russia in oil, gas and fertiliser supplies to help safeguard energy security and agricultural production.

Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia said on March 18 that the Indonesian Government’s priority is to ensure sufficient energy supply at competitive prices for households and industries, as geopolitical risks threaten global oil flows.

Bahlil said Indonesia is not limiting its options to specific suppliers, signaling openness to deeper engagement with Russia if it supports national energy resilience.

Meanwhile, the Philippines has intensified talks with key fertiliser producers, including Russia, due to the risk of disruptions. Philippine Agriculture Minister Francisco Tiu Laurel said the main problem is not a shortage, but a sharp increase in prices.

Due to transportation restrictions and rising gas prices, fertiliser prices are soaring. In Southeast Asia, the cost of urea has jumped by approximately 40% since the beginning of the conflict./.

VNA

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