IEA and ASEAN countries strengthen cooperation on oil supply security and emergency preparedness

The International Energy Agency (IEA), in cooperation with Thailand’s Ministry of Energy and with support from the Government of Japan, convened a regional workshop in Bangkok on 14-15 October 2026 to strengthen oil supply security and emergency preparedness, and explore the development of emergency oil stocks across Southeast Asia. The workshop brought together more than 40 representatives from governments in nine ASEAN countries, IEA member countries in the region and regional organisations to exchange experiences, assess vulnerabilities and explore opportunities for closer regional cooperation.

Against the backdrop of recent disruptions to global oil markets, discussions highlighted the importance of strengthening national and regional capacities to respond to supply emergencies. Participating countries shared their experiences in managing the impacts of the ongoing energy crisis, including measures to safeguard domestic supplies, mitigate market disruptions and protect consumers. The exchanges also identified common vulnerabilities and opportunities to strengthen emergency response mechanisms.

A key outcome was broad agreement among participants on the benefits of holding emergency oil stocks to enhance energy security and resilience. Several countries - including Indonesia, Malaysia, the Philippines and Thailand - indicated that they are giving serious consideration to strengthening emergency stockholding arrangements. Some countries in the region expressed interest in exploring deeper engagement with the IEA including technical assistance, capacity building and the sharing of international experience and best practices.

A dedicated session examined key considerations in developing effective emergency stockholding systems and the role of institutional and regulatory frameworks, financing arrangements, stockholding models and operational requirements. Drawing on the experience of IEA member countries and others, discussions provided practical insights into the design and implementation of emergency reserves adapted to national circumstances.

The workshop also explored opportunities for stronger regional cooperation through existing ASEAN mechanisms, information sharing, coordinated emergency response and potential regional or bilateral stockholding arrangements. Participants recognised that enhanced cooperation could complement national efforts and strengthen the region’s collective resilience to future supply disruptions.

The discussions reflected priorities highlighted at the recent ASEAN Ministers on Energy Meeting, particularly the importance of energy security, resilience and regional cooperation. The workshop helped identify areas where the IEA could further support ASEAN countries in strengthening oil supply security. Building on its longstanding engagement with the region, the IEA will continue working with interested countries and regional partners to explore opportunities for more targeted technical cooperation, particularly on emergency stockholding and preparedness.

The meeting underscored the growing commitment across Southeast Asia to strengthening oil security arrangements and the value of closer IEA–ASEAN cooperation in building a more resilient regional energy system.