US EditionAnthony Albanese Announces Four Cargoes Carrying 200million Litres of Diesel Will Soon Arrive in Australia
The deal uses taxpayer-backed underwriting powers to add supply as 61 fuel ships head to Australia, officials said.
- On Wednesday, Prime Minister Anthony Albanese announced Australia secured an extra 200 million litres of diesel via four cargo shipments to buffer against market volatility.
- The war in Iran and effective closure of the Strait of Hormuz have disrupted global fuel markets and vital shipping routes, driving supply concerns across Australia.
- BP and Viva Energy secured these shipments using taxpayer-backed underwriting, supplementing the 100 million litres Albanese announced last week against the nation's 94 million litre daily consumption.
- Albanese will meet with state and territory leaders on Thursday to discuss fuel security, telling reporters the government is "throwing everything" at the fuel crisis.
- Agriculture Minister Julie Collins secured fertilizer supply deals with CSBP and Incitec Pivot, aiming to help farmers manage the upcoming growing season amid volatile market prices driven by the strait's closure.
12 Articles
12 Articles
Albanese Secures 200 Million Litres of Diesel From Asian Suppliers as Fuel Crisis Bites
Australian Prime Minister Anthony Albanese and Energy Minister Chris Bowen say they’ve locked in another 200 million litres of diesel from Asian suppliers. The move comes as Australia grapples with a fuel crisis triggered by its heavy dependence on Asian refineries that source most of their crude oil from the Middle East. Albanese revealed the government-owned Export Finance Australia (EFA) had teamed up with BP Australia and Viva Energy to secu…
The Canberra Times
canberradaily.com.auFuel and fertiliser stocks bolstered as Iran war bites
An additional 200 million litres of diesel will arrive in Australia as part of four cargoes after a...
Anthony Albanese announces four cargoes carrying 200million litres of diesel will soon arrive in Australia
Anthony Albanese has announced four cargoes carrying 200 million litres of diesel will soon arrive on Australian shores amid the ongoing fuel crisis. Australia has also secured an additional 250,000 tonnes of fertiliser for farmers. 'Today I am pleased that export Finance Australia has been able…
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