Japan's Prime Minister Takaichi to propose Asian oil stockpiling framework at AZEC summit in Manila
NHK has learned that Japanese Prime Minister Sanae Takaichi plans to propose a new framework for coordinated oil stock releases at the summit of the Asia Zero Emission Community, or AZEC, in Manila on November 17. AZEC is an 11-member group promoting carbon neutrality.
According to the report, in light of the situation in the Middle East, Japan hopes the framework will serve as an Asian equivalent of the International Energy Agency, deepening regional coordination and cooperation on oil reserves and energy supply chains. Arrangements for the proposal are under way.
Takaichi will make a four-day trip to the Philippines and China starting on November 16, including a Japan-ASEAN summit in Manila and the Asia-Pacific Economic Cooperation summit in Shenzhen.
Related: Japan Aims to Agree Action Plans with Asian Partners to Bolster Oil Reserves
Source: NHK
Published by GSM · USA (original Chinese edition)
Photo: 图：日本首相高市早苗（日本内阁府发布的资料照片）。来源：日本内阁府，Wikimedia Commons，CC BY 4.0。 / Photo: Japanese Prime Minister Sanae Takaichi (file photo released by the Cabinet Office). Source: Cabinet Office of Japan, Wikimedia Commons, CC BY 4.0.
