Wave of Japanese companies lend support for Southeast Asian energy security
The Philippines was forced to declare a national energy emergency this year due to low oil reserves. (Photo by Taisei Asahi)
TAISEI ASAHI
October 16, 2026 01:26 JST
MANILA -- Chiyoda is moving toward building oil reserves in the Philippines, part of a wave of Japanese companies providing relief to Southeast Asian economies hurting from energy supply disruptions caused by the Iran war.