US EditionWestern Australia Moves to Stockpile Diesel Amid Mounting Supply Fears
The reserve could expand to 12 million litres and will be stored in Wyndham to help remote communities and key industries during shortages.
- On Tuesday, Western Australia Premier Roger Cook announced the state secured a strategic reserve of 4 million litres of diesel to be held at the Port of Wyndham in the far north.
- Driven by global supply shocks from the Iran war, which disrupted shipping through the Strait of Hormuz, the initiative protects Western Australia's diesel-reliant mining and agricultural sectors from acute shortages.
- Costing $10 million, the reserve provides flexibility for remote communities and agriculture, as the federal government's existing stockpile remains thousands of miles away on the east coast.
- WA Nationals leader Shane Love criticized the purchase, labeling the 4 million litres "woefully inadequate" and calling for more comprehensive action to address fuel shortages.
- Parliament reconvened Tuesday to ratify rules requiring fuel importers to disclose detailed supply information, while officials may expand the stockpile to 12 million litres in coming weeks.
13 Articles
13 Articles
Western Australia Moves to Stockpile Diesel Amid Mounting Supply Fears
Australia is facing a historic energy crisis, with much of its Gulf-sourced energy facing not one but two blockades. But at least some parts of the country are doing something about it, even if it is too little, too late. Western Australia will establish its own strategic reserves of diesel fuel to ease “acute shortages,” the state’s government said. As Bloomberg reports, the government signed a deal with Cambridge Gulf to buy and store 4 milli…
Zero Hedge
Nemos News NetworkWestern Australia Establishes Strategic Fuel Reserve
Western Australia Establishes Strategic Fuel Reserve Australia is facing a historic energy crisis with much of its gulf-sourced energy facing not one but two blockades. But at least some parts of the country are doing something about it, even if it is too little, too late. Western Australia will establish its own strategic reserves of diesel fuel to ease “acute shortages,” the state’s government said. As Bloomberg reports, the government signed…
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