Will Hormuz crisis spur Asia to boost oil reserve cooperation?

Comment Regional energy safety net projects may finally gain traction Japanese Prime Minister Sanae Takaichi discusses energy cooperation with Asia-Pacific leaders on April 15. Her POWERR Asia initiative is centered on financial support and the establishment of an oil stockpiling system. (Cabinet Public Affairs Office) TOKYO — Hastily assembled under intense time pressure, Japan’s new energy security initiative aimed at fostering regional cooperation in Asia has emerged with a surprisingly catchy name.