Asia barters for scarce energy as Iran crisis throttles supply

Motorists queue up to refuel their vehicles outside a petrol station in Naypyitaw, Myanmar, on Sunday
By Uditha Jayasinghe, Lucy Craymer and Kentaro Okasaka
REUTERS
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TOKYO/COLOMBO/WELLINGTON –
Indonesia’s leader visited Tokyo this week in Asia’s latest flurry of fuel bartering efforts to offset crippling shortages caused by conflict in the Middle East, a key source of regional energy supply.The race for alternatives has hotted up as China, the world’s second-largest economy, imposed fuel export bans, while nations such as South Korea and Thailand try to exploit the lifting of U.S
sanctions on Russian energy as a stopgap move.Matters ​are getting desperate for poorer nations as the Philippines became the first to declare a national energy emergency, Sri Lanka cut its work week to four days, ‌and Myanmar limited ‌car drivers to alternate days.

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