Cambodia's Strategic Shift in Fuel Imports Amid Global Crisis

Cambodia increases fuel imports from Singapore and Malaysia to cover supply gaps caused by restrictions from Vietnam and China due to global conflicts. Though partly shielded by renewable energy, Cambodia experiences a 25% rise in imports early this month compared to last year, yet still faces challenges.

Cambodia is turning to fuel suppliers in Singapore and Malaysia to manage a supply deficit caused by constrained exports from Vietnam and China. The shift is driven by global fuel scarcity linked to the U.S.-Israeli conflict involving Iran, as explained by Cambodia's Energy Minister Keo Rottanak.

Around a third of Cambodia's petrol stations have shut down since last week. Authorities suspect hoarding by businesses anticipating price surges. Amidst ongoing shortages, Rottanak emphasizes Cambodia's partnerships with suppliers like Total and Chevron as crucial to the nation's fuel strategy.

Cambodia, lacking its own oil refinery, relies significantly on fuel imports. While imports surged 25% early this month, they were 40% lower compared to the end of February. Renewable energy developments have lessened the blow, highlighting the urgency for an ASEAN-wide power grid to enhance resilience.

(With inputs from agencies.)