Articles tagged with Fuel Security
New Zealand’s Diesel Reserve Shipment En Route to Marsden Point for Fuel Security
2 weeks ago | 183 viewsNew Zealand is receiving two shipments of diesel reserve, with the first arriving mid-June and the second expected in early July, providing around nine days of typical diesel consumption. The government is refurbishing tanks at Marsden Point, funded by $21.6 million from the Regional Infrastructure Fund, to store the fuel, which will be controlled by the Crown and managed by Z Energy. Finance Minister Nicola Willis emphasizes that this reserve enhances the country's fuel security and resilience against potential supply disruptions.
Tags: Nicola Willis Shane Jones New Zealand Marsden Point diesel reserve Channel Infrastructure Z Energy Regional Infrastructure Fund fuel security crude oil tanksNew Zealand Signs Historic Deal with Z Energy for 90 Million Litres of Diesel
1 month ago | 309 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 contractUpdated National Fuel Plan Ensures NZ Fuel Security Amid Middle East Conflict
2 months ago | 768 viewsThe Government has updated the National Fuel Plan to address potential fuel supply risks stemming from the Middle East conflict, outlining four phased responses tailored to petrol, diesel, and jet fuel. These phases range from monitoring and voluntary conservation measures to stronger interventions prioritizing critical services, with decisions guided by six specific assessment criteria and overseen by the Fuel Security Ministerial Oversight Group. The plan emphasizes early action, industry cooperation, and stakeholder engagement to ensure fuel security and economic stability while preparing for various disruption scenarios.
Tags: Nicola Willis Shane Jones National Fuel Plan New Zealand fuel security fuel supply Middle East conflict fuel disruption government response fuel restrictionsNew Zealand Releases Oil Tickets to Support Global Supply Amid Strait of Hormuz Closure
2 months ago | 669 viewsNew Zealand will release 1.577 million barrels of crude oil purchase options, known as oil tickets, to support the International Energy Agency’s collective response to oil supply disruptions caused by the Strait of Hormuz closure. This contribution, part of a larger IEA release of 400 million barrels, aims to ease global refinery pressure and stabilize markets without affecting New Zealand’s domestic fuel security. The released tickets pertain to crude oil and fuels incompatible with New Zealand’s system, meaning no physical oil supply will be directly released.
Tags: New Zealand International Energy Agency Shane Jones Strait of Hormuz oil tickets crude oil fuel security Middle East Ministry of Business Innovation and EmploymentNew Zealand Maintains Strong Fuel Stocks with 49 Days Supply Amid Global Uncertainty
3 months ago | 679 viewsNew Zealand currently maintains healthy fuel stocks, with about 49 days of petrol, diesel, and jet fuel supply available, including fuel in storage and shipments en route. The government is enhancing fuel data reporting and working closely with industry to monitor supply risks, ensuring readiness amid global uncertainties like the Strait of Hormuz closure. Authorities emphasize there is no need for fuel restrictions at this time, assuring the public that any changes will be communicated promptly with mitigation plans in place.
Tags: Nicola Willis Shane Jones New Zealand fuel stocks petrol diesel jet fuel Ministry of Business Innovation and Employment fuel security Strait of HormuzNew Zealand Unveils Comprehensive Fuel Security Plan for Resilience
7 months ago | 797 viewsNew Zealand has released a Fuel Security Plan to ensure reliable access to fuel in the face of global and domestic disruptions, focusing on resilience, domestic preparedness, alternative fuels, and market transitions. The plan includes measures such as requiring fuel importers to hold minimum stock levels and supporting the deployment of EV charging infrastructure. Associate Energy Minister Shane Jones emphasizes the importance of reducing dependence on global markets and investing in domestic energy resources for economic growth and self-reliance.
Tags: Shane Jones New Zealand Fuel Security Plan Energy Minister Resilience Global supply shocks Domestic resilience EV charging infrastructure Renewable dieselNew Zealand Fuel Security Plan: Ensuring Reliable Access to Fuel for Economic Resilience
11 months ago | 1670 viewsThe Coalition Government is seeking feedback on a draft Fuel Security Plan to ensure reliable fuel access for New Zealanders during disruptions, focusing on improving resilience, infrastructure, low-carbon alternatives, and managing the transition to new energy technologies. Associate Energy Minister Shane Jones emphasizes the importance of fuel security for economic and national resilience, highlighting recent measures to boost reserves and improve storage locations. Public submissions on the plan are open from July 15 to August 25, with feedback accepted through the MBIE website.
Tags: Shane Jones Fuel Security Plan New Zealand Energy Minister Resilience Supply Chain Fuel Infrastructure Economic Wellbeing National Resilience