Latest news with #FuelSecurityPlan
Scoop
15-07-2025
- Business
- Scoop
Consultation To Build On New Zealand's Strong Fuel Security Welcome
Energy Resources Aotearoa welcomes today's announcement of public consultation on the proposed Fuel Security Plan by Associate Minister of Energy Shane Jones. Energy Resources Aotearoa Chief Executive John Carnegie says the proposed plan is a constructive opportunity to build on New Zealand's already high-performing fuel security settings. "New Zealand has a robust, well-functioning fuel supply system. Our current system, based on importing refined fuels, rather than crude, gives us more flexibility and resilience than when we imported crude into Marden Point, a single point of failure." Carnegie says the proposed Fuel Security Plan announced today is about building towards a longer-term strategic direction for New Zealand's fuel security. "The risks we face today are not the same as five years ago. The geopolitical landscape is shifting, and our security planning must change with it. It's critical that the Government balances our high-functioning fuel imports system with any domestic production. We will seek to ensure the final plan does this in a way that minimises costs for consumers." Fuel resilience must continue to be balanced with affordability and practical implementation, Carnegie says. "It's important to be clear-eyed: New Zealand will always rely on imported fuels. Domestic alternatives like biofuels will only ever supplement, not replace, imported fuels. We have to weigh the cost of resilience. Emerging technologies often come at a premium, and we need to think critically about how much we're willing to pay for the insurance for domestic production" Carnegie says the best insurance policy remains New Zealand's diversified network of experienced fuel suppliers. "This consultation is an opportunity to make innovative, cost-effective improvements to an already strong system. We look forward to engaging with the Government to find the lowest-cost, most effective options to build on our current level of resilience, without duplicating effort or adding unnecessary cost."
Scoop
14-07-2025
- Business
- Scoop
Feedback Sought On National Fuel Security Plan
The Coalition Government is seeking feedback on a draft Fuel Security Plan that provides a long-term strategy to ensure New Zealanders have reliable access to fuel in times of domestic and global disruption, Associate Energy Minister Shane Jones says. 'As a small and remote island nation that imports nearly all of its liquid fuels, New Zealand is vulnerable to supply chain shocks beyond its borders,' Mr Jones says. 'The Government is seeking to improve our fuel resilience and protect our economic wellbeing so our people and businesses can continue to move, work, and grow. New Zealanders are invited to have their say on the plan.' The plan builds on findings of the 2025 Fuel Security Study by focusing on four key areas: Strengthening resilience against global supply disruptions Enhancing domestic fuel infrastructure and emergency preparedness Supporting the development of domestic low-carbon fuel alternatives Managing fuel security during the transition to new energy technologies 'Our recent decision to boost minimum fuel reserves and improve storage locations is prudent given the current global geopolitical environment. 'Fuel security is not just an energy issue — it's an issue of economic and national resilience. The consequences of inaction are too great. The Fuel Security Plan was a key plank in the New Zealand First-National Coalition Agreement to safeguard our transport and logistics systems and emergency services from any international or domestic disruption,' Mr Jones says. Public submissions are open from 15 July 2025 to 25 August 2025. Feedback can be provided via the MBIE website:
