Malaysia Pledges Maximum LNG and Naphtha Supply to Japan
Prime Minister Anwar Ibrahim and Prime Minister Sanae Takaichi will sign a joint statement to secure energy supplies as Tokyo seeks to diversify sources amid Middle East tensions. The agreement also covers economic security and cooperation on rare earths and nuclear technology.
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Malaysia will provide Japan with maximum supplies of liquefied natural gas and naphtha to secure Tokyo's energy needs. Japan currently sources 15% of its LNG from Malaysia, making the nation its second-largest supplier after Australia. The agreement follows potential supply crunches in Japan linked to rising summer air-conditioning demand and regional tensions involving Iran.
