The podcast discusses a government deal with Z Energy to stockpile 90 million litres of diesel at Marsden Point as a buffer against supply and price volatility, emphasizing careful planning, expert advice, and energy security for Kiwis.
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Well, I'm not going to cut across him in terms of how he's running his business. I'm here to provide, along with Nicola, a level of proactive leadership. If we do need a buffer, we'll take advice from our officials, not only our professional advisors, EMBI and the Ministry of Transport. and there's a great deal to be said because over time the fuel companies are going to have to store more in-country anyhow and we were very disappointed the fuel companies promised back in 2018 and 19 out at Wiri near the Auckland airport that they'd bang together another tank of course Jack has happened and if necessary we'll move in that direction but we're not going to do it in any adventurous way will take the best quality of advice. It's a little bit like the virtual fuel options that the government still has. When we looked into it, they are executable but they're devilishly complicated and there are other options because of the way in which the oil industry is continuing to supply New Zealand. I mean, demand is being destroyed by price. However, that's how capitalism works.
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sophisticated, advised use of call options for resilience
Shane Jones: Associate Energy Minister on the deal with Z Energy to stockpile another 90 million litres of dieselSpotted something wrong on this page? Report a correction.
