Resources
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The NOSEC is a committee of the Ministerial Council on Energy (MCE) and provides the main executive channel through which Commonwealth and State Governments formulate their overall management response to a national liquid fuel emergency. The task of the NOSEC is to ensure that the Federal…Date
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There is an extensive range of Federal, State/Territory and Local government regulations and legislation applying to refineries and businesses operating in the downstream petroleum industry. Some of the key regulations are outlined below. Formal Price Monitoring On 17 December 2007, under…Date
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Australia has robust emergency response plans and arrangements Industry and governments fully recognise the potential impacts of a severe national shortage of fuel supplies to business and consumers. Australia has robust response plans for managing a national liquid fuel emergency, which…
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In 2009 and 2011, ACIL Tasman was engaged by the Federal Department of Resources, Energy and Tourism (DRET) to examine Australia's current level of liquid fuel vulnerability and significant trends which may affect this over the short, medium and longer term. The Liquid Fuel Vulnerability…
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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…Date
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AIP member companies provide very reliable supplies of fuel to the Australian market and: represent around 90% of primary fuel supply to the Australian market, have decades of operational experience in Australia and Asia delivering high quality fuel to customers, have major…
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The International Energy Agency (IEA) is the energy forum for 28 industrialised countries, founded in 1974 (see www.aip.com.au/pricing/iea.htm). IEA member country governments are committed to taking joint measures to meet oil supply emergencies. They also have agreed to share energy information,…Date
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Petroleum is a complex mixture of organic liquids called crude oil and natural gas, which occurs naturally in the ground and was formed millions of years ago. Crude oil varies from oilfield to oilfield in colour and composition, from a pale yellow low viscosity liquid to heavy black 'treacle'…Date
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All fuel users need to analyse and understand their own fuel use and to consider how best to manage the potential impacts of reduced fuel supply Many larger fuel users only hold limited stocks on the expectation that stocks will be held by fuel suppliers, or indeed governments will intervene…Date
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Subsidising domestic alternative fuel production is not necessary for energy security The reliable supply of conventional transport fuels (petrol, diesel and jet fuel) to the Australian market is underpinned by a diversity of supply options for petroleum products from domestic refiners and…