Articles tagged with Diesel Supply
New Zealand Signs Historic Deal with Z Energy for 90 Million Litres of Diesel
1 month ago | 315 viewsThe New Zealand Government has signed a groundbreaking contract with Z Energy to secure nearly 90 million litres of additional diesel, enhancing the country's fuel resilience by about nine days' supply. The diesel will be stored in refurbished tanks at Marsden Point, with infrastructure upgrades underway to increase fuel storage capacity and strengthen strategic resilience amid global uncertainties. This agreement, the first of its kind, limits the Crown's financial exposure while allowing Z Energy to manage the diesel, with the government maintaining control over its market release.
Tags: New Zealand Z Energy Nicola Willis Shane Jones diesel supply Marsden Point fuel security Channel Infrastructure Middle East conflict government contractNew Zealand’s Updated Fuel Response Plan Ensures Supply Amid Global Uncertainty
1 month ago | 360 viewsThe New Zealand Government has refined its Fuel Response Plan in collaboration with business and industry to prepare for a potential prolonged global fuel shortage, focusing on maintaining sufficient supply and protecting the economy. Key measures include securing additional diesel reserves, simplifying priority user frameworks, and implementing phased responses that prioritize critical services while encouraging voluntary fuel-saving plans for other sectors. The plan is designed to be flexible and adaptable, relying on industry cooperation and ongoing international engagement to ensure fuel resilience amid global market volatility.
Tags: Nicola Willis Shane Jones Fuel Response Plan New Zealand Marsden Point Z Energy diesel supply fuel shortage government energy policyNew Zealand Secures Extra Diesel Supply to Boost Fuel Reserves and Security
1 month ago | 379 viewsThe New Zealand Government has secured an additional nine days' supply of 90 million litres of diesel through a letter of intent with Z Energy to enhance fuel reserves amid global market uncertainties. This fuel will be stored at Marsden Point in refurbished tanks funded by a $21.6 million investment, with the Crown controlling its release to strengthen economic and fuel supply resilience. The agreement, resulting from a competitive procurement process, provides strategic insurance to ensure reliable diesel supply crucial for the economy while not counting towards fuel companies' minimum stockholding obligations.
Tags: Nicola Willis Shane Jones Z Energy New Zealand Marsden Point diesel supply Government fuel reserves Channel Infrastructure Ministry of Business Innovation and Employment