Key facts
- ASEAN members plan a system to share petroleum product stockpiles in emergencies as early as 2027, per Nikkei Asia.
- Japan's Ministry of Economy, Trade and Industry led the effort through an Indonesia-based think tank, Nikkei Asia reported.
- Japan expects the initiative to bolster its own economic security, according to Nikkei Asia.
- The report names Indonesia, Thailand and the Philippines as participants in the shared reserve plan.
Members of the Association of Southeast Asian Nations will create a system for sharing petroleum product stockpiles in emergencies as early as 2027, with support from Japan, Nikkei Asia reported on November 12, 2026. The report said Japan expects the initiative to bolster its own economic security.
An Indonesia-based think tank led by Japan's Ministry of Economy, Trade and Industry spearheaded the effort, according to Nikkei Asia. The report named Indonesia, Thailand and the Philippines in connection with the plan.
The body provided no further detail on the size of the stockpiles, the mechanism for sharing them, or the cost of the initiative.