14 Oct 2026
1 week ago
195 views
The New Zealand Government has extended its agreement with Z Energy to maintain a 550,000-barrel strategic diesel reserve at Marsden Point until August 2027, ensuring national fuel resilience amid global uncertainty. This reserve, critical for key industries and stored in refurbished tanks funded by $21.6 million from the Regional Infrastructure Fund, provides about nine days of typical national diesel consumption. The Government continues to monitor global developments, especially the Middle East conflict, and will respond as needed while limiting its financial exposure through the agreement.
02 Apr 2026
6 months ago
1212 views
The New Zealand Government will invest up to $21.6 million from the Regional Infrastructure Fund to support Channel Infrastructure NZ Ltd in increasing diesel storage capacity by 90 million litres at Marsden Point, enhancing fuel resilience amid global supply disruptions. The project aims to recommission storage tanks within two months to secure diesel supplies beyond the current secure period until the end of May. This initiative addresses the critical need for large-scale fuel storage, particularly for diesel, which is vital to the economy, and work is set to begin imminently with close government oversight.
23 Mar 2026
7 months ago
1135 views
The New Zealand Government is temporarily allowing fuel meeting Australian specifications to be supplied domestically to enhance fuel supply resilience amid tight global markets. This alignment removes technical barriers, enabling importers to access a broader range of shipments without compromising vehicle compatibility or safety standards. While New Zealand will not relax sulfur limits like Australia, the measure may remain for up to 12 months and will be reviewed as market conditions evolve.