(April 13): Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.
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“This would be solely for West Australians and be directed at the discretion of the state government to areas that need it most,” Energy Minister Amber-Jade Sanderson said at a press conference on Sunday (April 12), adding that more details would be provided in the coming days and weeks. The reserve would hold “millions of litres” and use “capacity in the existing distribution network,” she said. The minister didn’t immediately respond to request for comment on Monday. Western Australia is the country’s biggest producer of wheat and is home to vast mining operations including iron ore and gold, with Sanderson estimating the state accounts for 25% of the nation’s diesel consumption. Prime Minister Anthony Albanese is due to visit more Southeast Asian nations this week, in an effort to shore up fuel supplies as the Iran war shows no signs of abating. Establishing a strategic reserve is a “sensible move,” said Aaron Morey, chief executive officer of the Chamber of Minerals and Energy ...