Where does Australia get its diesel?

For example, Australia directly imports significant product (particularly diesel) from South Korea and Japan and both countries have diesel stored in Singapore for market trading opportunities.

Does Australia produce its own diesel?

We sure are. In fact, 70% of crude and condensate production comes from the Carnarvon basin in Western Australia. But we choose to export 75% of our crude production, with the largest recipients being Indonesia, Singapore, China, Thailand and Malaysia.

Who supplies fuel to Australia?

Two decades ago, eight local refineries were able to supply most of Australia's petrol demand. Now there are just two, producing less than 10% of Australia's petrol needs. This means 90% of refined petrol is imported – principally from Korea, Singapore, Japan, Malaysia and China.

How much diesel does Australia import?

During the financial year of 2021, the amount of diesel oil imported to Australia was approximately 25.2 thousand megaliters. This was an increase in amount of diesel oil imported to Australia compared to the previous financial year.

Does Australia get fuel from Russia?

Even though Australia doesn't get its fuel from Russia, when the world's second-biggest crude oil exporter is cut off from international markets, that has a flow-on effect that hits every country.

Where does Australia’s diesel fuel come from? | Bulk Fuel Australia

Where does Australia buy its fuel?

The source of Australia's petroleum product imports has been dominated by Singapore (the Asia-Pacific trading centre), but this is changing as more product comes from North Asia (South Korea and Japan).

Does Australia import fuel from China?

So, we get most of our fuel from Asia, with around a quarter of it coming from Singapore. The rest comes from South Korea, Malaysia, China, and a host of other nations including the US, Japan, and Thailand.

Does Australia refine its own fuel?

Australian oil refineries make a significant contribution to the economy and local communities, and support our key export industries and supply security. They play a major role in Australia's fuel supply chain, producing around half of the transport fuels needed every day.

What percentage of Australian fuel is imported?

As the war in Ukraine puts the global fuel supply in sharp focus, the Australia Institute found that 91% of Australia's fuel in the 2021 financial year was imported (including 68% imported as refined crude, as well as 71% of the fuel refined here).

Does Australia have oil refineries?

Australia has just two domestic oil refineries, Ampol's facility in Brisbane and Viva Energy's refinery in Brisbane.

Where does Australia buy its oil?

Australian refineries import roughly 83% of the crude oil they process from more than 17 countries, mainly in Asia (40%), but also Africa (18%) and the Middle East (17%). We are a significant oil producer, but export 75% of our crude production, with the largest recipients being Indonesia and Singapore.

Why doesn't Australia refine its own oil?

Domestic crude production has been in decline for some time and Australia does not produce enough compatible crude oil to run existing domestic refineries. Most crude oil production is located long distances from Australian refineries and has better transport proximity to key Asian markets.

Will Australia run out of diesel?

The latest shortage to hit the headlines has involved a little-known diesel fuel additive known as AdBlue which is added to the fuel used by modern diesel engines to reduce exhaust pollution. So, what's the problem? In short, Australia is set to face an AdBlue shortage by February 2022, if not earlier.

Are there any refineries left in Australia?

SYDNEY, May 17 (Reuters) - Australia has agreed to pay its last two oil refineries up to A$2.3 billion ($1.8 billion) through 2030 to keep the struggling plants open and protect the country's fuel security.

Is Shell Australian owned?

Shell Australia is the Australian subsidiary of Shell. Shell has operated in Australia since 1901, initially delivering bulk fuel into Australia, then establishing storage and distribution terminals, oil refineries, and a network of service stations.

Why is diesel so expensive Australia?

Australian refineries cannot produce all of Australia's diesel needs, so some of it is imported. Diesel is traded internationally and the largest trading centre in our region is Singapore. This is the reason why Australian retail prices are linked to the Gasoil price of refined diesel in Singapore.

Where does BP get their fuel from?

Where does BP do? The company gets around a quarter of its oil and a third of its gas from the US. Another third of its oil comes through a joint venture with Russian oligarchs called TNK-BP and a third of its gas comes from South America.

Does Australia sell gas to China?

Australia's liquefied natural gas (LNG) exports to China commenced in May 2006, with the opening of China's first LNG receiving terminal at Dapeng in Guangdong Province under a 25-year supply agreement. Australia s first shipment of LNG to China was from the North West Shelf project operated by Woodside.

Where do Australia get their oil and gas from?

Where do Australia's oil supplies come from? Australia is currently dependent on imports for more than 90% of its fuel needs. The crude oil comes from the Middle East and is processed at refineries in South Korea, China and Singapore. It is then shipped to Australia as diesel, aviation fuel and petrol.

Has Australia stopped imports from Russia?

Australia has banned imports of Russian oil, gas, petroleum products and coal, following similar sanctions from the US and the UK, as Russia continues waging war in Ukraine.

Does Australia reserve oil?

Australia has about 0.3 per cent of the world oil reserves. Most of Australia's known remaining oil resources are condensate and liquefied petroleum gas (LPG) associated with giant offshore gas fields in the Browse, Carnarvon and Bonaparte basins.