Australia Buying US and Mexico Fuel to Fill Energy Supply Gaps
The country only has two remaining domestic refineries, which produce just 17% of Australia’s refined petroleum products.
Photographer: William West/AFP/Getty Images
Australia is turning to the US and Mexico for fuel supplies to offset disruptions from its traditional Asian partners, Energy Minister Chris Bowen said, as the nation works to ease shortages sparked by the war in Iran.
Most of Australia’s refined petroleum imports usually come from South Korea, Malaysia and China but with shipments constrained by the near-closure of the Strait of Hormuz, the government has sought to diversify its sources Bowen added.