Japan and South Korea have agreed to deepen energy co-operation in response to the crisis in the Strait of Hormuz, pledging to share oil reserves and supplies of refined petroleum products including jet fuel, in the latest sign of warming ties between Tokyo and Seoul.
The plan, which was jointly announced by South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi on Tuesday, covers joint oil-reserve storage and liquefied natural gas swap arrangements to strengthen supply-chain resilience.
Both countries are highly dependent on imported energy: Japan is the world’s second-largest LNG importer, and South Korea the third.
您已阅读15%（648字），剩余85%（3534字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。