Australian Prime Minister Anthony Albanese and Singaporean Prime Minister Lawrence Wong agreed to accelerate a legally binding protocol under the two countries' free trade agreement, with Australia reaffirming liquefied natural gas supplies to Singapore and Singapore pledging continued refined fuel exports to Australia, according to a joint statement released by the two leaders on April 10.

The agreement comes as the Middle East conflict and disruptions to transit through the Strait of Hormuz have exposed both countries' energy vulnerabilities, with Australia facing domestic fuel shortages and panic buying while Singapore remains highly dependent on imported natural gas for about 95% of its electricity generation. It also builds on a March 23 bilateral security statement under the two countries' comprehensive strategic partnership, which was upgraded in October 2025.