Indonesia, Philippines to Bolster Cooperation on Energy Security

Indonesia and the Philippines have agreed to open market access and expand the countries’ bilateral trade and collaboration.

Lili Sunardi

11 Jan 2024 - 18.17
Indonesia, Philippines to Bolster Cooperation on Energy Security

Illustration of Energy Transition

Bisnis, JAKARTA — Energy security was one of the crucial issues discussed in the meeting between President Joko “Widodo” Widodo and Philippines President Ferdinand Marcos Jr. in Manila, Philippines. Both leaders witnessed the signing of a memorandum of understanding extending energy cooperation between the two countries.

President Ferdinand Marcos Jr. welcomed the memorandum of understanding signed during President Joko Widodo's working visit to his country. He stated that it could mark a new phase in efforts to achieve energy resilience.

"Through this MoU, our countries create a new synergy as we cooperate to achieve energy security," Marcos said in his official address during President Joko Widodo's visit to Manila, quoted by Bloomberg on Wednesday (10/1/2024).

A significant portion of the coal obtained by the Philippines comes from Indonesia. The country secured a stable coal supply guarantee from Indonesia last year after the ASEAN Energy Ministers' meeting in Jakarta.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Ibeth Nurbaiti
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