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Japan, Indonesia Boost Energy Cooperation Amid Middle East Turmoil

3/31/2026

38 6 Full Breakdown

Summary

Story summary

Japan and Indonesia agreed to deepen energy security cooperation amid disruptions from the U.S.-Israeli war on Iran affecting oil and gas supplies.
Japanese Prime Minister Sanae Takaichi and Indonesian President Prabowo Subianto met in Tokyo on March 31 to discuss the situation and potential actions.
Japan relies on the Middle East for over 90% of its oil, while Indonesia exports substantial amounts of coal and liquefied natural gas (LNG).

History

Historical Context

The 1973 oil crisis, triggered by OAPEC's embargo during the Yom Kippur War, caused oil prices to quadruple, severely impacting economies reliant on Middle Eastern oil, like Japan, which imported over 90% of its supply. This crisis reshaped global energy policies, leading to Japan's diversification efforts and ongoing collaborations with countries like Indonesia to enhance energy security amid persistent geopolitical tensions.

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Story summary

Japan and Indonesia agreed to deepen energy security cooperation amid disruptions from the U.S.-Israeli war on Iran affecting oil and gas supplies.
Japanese Prime Minister Sanae Takaichi and Indonesian President Prabowo Subianto met in Tokyo on March 31 to discuss the situation and potential actions.
Japan relies on the Middle East for over 90% of its oil, while Indonesia exports substantial amounts of coal and liquefied natural gas (LNG).

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