The NESA identifies the current strategic energy security issues in the liquid fuels, natural gas and electricity sectors, and those posing a potential risk in short term, medium term and longer term. The Government has indicated that the NESA will provide a key input into the development of future energy policy including the Energy White Paper which is also currently being prepared by the Government. The 2009 NESA was released by the Federal Government on 27 March 2009 and the 2011 NESA was released on 13 December 2011.
The key conclusion from these reports is that Australia currently enjoys a high level of liquid fuel security and this position is not expected to change in the coming years. The reports clearly demonstrate that Australia's market based approach, ready access to the global and regional markets for crude oil and petroleum products, and efficient supply management by industry, has delivered secure, reliable and adequate liquid fuel supplies which meet the operational requirements of consumers and major fuel users at internationally competitive prices.
Copies of the 2009 and 2011 NESAs are available.