South Korea is actively pursuing expanded energy cooperation with Canada, Australia, and New Zealand to bolster its economic security and diversify supply chains.
The initiative was discussed during separate talks between South Korea’s foreign minister and counterparts from the three nations in Manila on Wednesday.
South Korea’s finance minister recently warned of potential disruptions to the nation’s energy supply chain, highlighting the urgency of securing alternative sources.
The diplomatic push comes as Seoul seeks to mitigate risks to its energy imports, particularly liquefied natural gas (LNG), against a backdrop of renewed geopolitical tensions in the Middle East.
South Korea’s finance minister recently warned of potential disruptions to the nation’s energy supply chain, highlighting the urgency of securing alternative sources.
By engaging with stable, allied producers in the Americas and Oceania, South Korea aims to reduce its reliance on traditional suppliers and enhance the resilience of its energy infrastructure.
The discussions also covered broader economic security and defense cooperation, reflecting a comprehensive approach to national security.