Ticket Swaps For Fuel

Yes, we are. They had a slightly different starting point. One is they didn't have some of the regulatory framework in place that they could organise themselves as quickly as what we did. They've actually had lower levels of stocks and country than what we have because we lifted ours, our mandatory obligations. And we are both doing similar things. And in fact, in some ways, we're staying quite coordinated because some of the supply that comes from other parts of the world ends up coming to Australasia. A lot of our refineries, we're talking to our fuel importers all the time. all the time every day several times a day sometimes they're all saying to us look there is just no risk to any future orders that they've got and we can see that as evidenced by the numbers we announced yesterday so what we'll do is and those refineries might you know they're big multinationals and as a result they're finding sources of oil from other places and you're right some of it's coming from Canada some of it will be coming from Peru Chile Suriname West Africa other places as well so for us There is some extra work we want to do, which we've announced last week, which is that we're very interested in pursuing unsolicited bids for extra fuel. We really have a unique situation with these ticket swaps where we hold tickets for fuel types that we don't use in New Zealand that other countries would want, and we could trade that for fuels that we do need. But also linked to it is making sure we've got the extra storage in place that we need across the country, which is what we announced last week, to accelerate that storage at Whangarei in the next eight weeks.