Articles tagged with Fuel Resilience
New Zealand Boosts Diesel Storage by 90 Million Litres at Marsden Point
1 month ago | 384 viewsThe 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.
Tags: Shane Jones Channel Infrastructure Marsden Point Regional Infrastructure Fund New Zealand Government diesel storage fuel resilience Regional Development Minister Middle East conflict New Zealand fuel suppliesNew Zealand Temporarily Allows Australian-Spec Fuel to Boost Supply Resilience
1 month ago | 361 viewsThe 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.
Tags: Shane Jones New Zealand Australia fuel resilience fuel specifications fuel supply energy minister fuel importers sulphur fuel Tasman