Government supports additional diesel storage

The Government will enter into an agreement to support an additional 90 million litres of storage for diesel at Marsden Point in Northland to boost New Zealand’s fuel resilience as the Middle East conflict continues to impact global fuel supplies, Regional Development and Associate Energy Minister Shane Jones says. Senior Ministers yesterday signed off on up to $21.6 million from the Regional Infrastructure Fund (RIF) to Channel Infrastructure NZ Ltd. “This financial arrangement will allow Channel Infrastructure, which owns and operates the former refinery site at Marsden Point, to increase its diesel storage by recommissioning storage tanks with a combined 90 million-litre capacity,” Mr Jones says. “Channel Infrastructure has assured the Government it can do this within two months. This i