Increasing Australia’s domestic liquid fuel storage

Closed 15 Jul 2020

Opened 15 Jun 2020

Overview

The energy function transferred to our department from the Department of the Environment and Energy on 1 February 2020.

The Australian Government is committed to delivering policy and regulatory frameworks that support secure, reliable and affordable supplies of energy for consumers.

Liquid fuel is critical and makes up around half of Australia’s energy consumption. Commercial storage, stocks and procurement have provided secure and reliable supply to meet Australia’s needs for many decades. However, the COVID 19 pandemic has highlighted limited flexibility in the fuel storage market when the supply and demand balance changes suddenly.

We are working with interested parties to identify the best options for further strengthening fuel security in Australia. As part of this, we are considering a potential program to help build viable, cost effective new fuel storage capacity. We expect the program will focus on projects that might not proceed through existing commercial drivers.

We are seeking input to help us design and plan a program.

Request for information

The Request for information document [560KB PDF] [263KB DOCX] outlines  program objectives, information we are seeking, and our consultation process.

Your response will help us gather information and better understand opportunities for government to support the construction of additional storage in Australia. You can include information about future planned or potential projects, or anything relevant to program design.

You will have the opportunity to make a confidential submission.

Audiences

  • State/Territory Government
  • Peak bodies
  • Energy industry

Interests

  • Energy