A podcast discussion with energy security expert David Keat evaluates the practical value of New Zealand's fuel supply agreement with Singapore, concluding that while the deal reflects good intentions, it offers little real protection against fuel price hikes or supply shortages.
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Um, well, no and yes, if I can answer. It's a good idea to have a good relationship with anyone in these, as you say, difficult times. So I think in a sense it's a good thing to have. It's better than having nothing at all. But in practical terms for fuel supply, that won't do a great deal. If you're worried about two things, aren't we? Availability and price. It won't do anything for price because the price on the day we activate this thing will be whatever it is. which will be probably quite high in terms of ability to deliver
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symbolic alliance with minimal tangible impact
David Keat: Energy Security Expert on the deal with Singapore to protect fuel supplies during economic shocksSpotted something wrong on this page? Report a correction.
