South Korea and Japan Weigh Emergency Energy Supply Pact Amid Rising Global Risks
South Korea and Japan are in talks to establish an emergency energy supply pact, a move that could signal a shift in their bilateral relations. The two countries, both major importers of liquefied natural gas (LNG) and crude oil, have a long history of competition but recent years have seen them expand practical cooperation in areas once considered off-limits.
The talks on emergency energy supply cooperation were confirmed by Reuters on September 2, 2026. While details are scarce, the move is significant given the strategic importance of energy security for both nations. Both countries rely heavily on imported hydrocarbons and have been exposed to risks in global markets, including disruptions to Middle East shipping lanes.
The agreement would effectively pool part of the risk for both countries, with one committing to fill the gap if the other's shipments are interrupted. This is seen as a way to soften the economic shock of a blackout scenario or industrial fuel shortage.