1 00:00:00,120 --> 00:00:02,599 Speaker 1: Now let's deal with what's going on with Marsden Point. 2 00:00:02,600 --> 00:00:05,120 Speaker 1: The government is giving the new Marsden Point owners twenty 3 00:00:05,120 --> 00:00:08,639 Speaker 1: one million bucks to build more diesel storage channel infrastructure 4 00:00:08,640 --> 00:00:11,320 Speaker 1: says it can add another ninety million liters of this 5 00:00:11,400 --> 00:00:14,120 Speaker 1: capacity within two months. And Shane Jones is the Associated 6 00:00:14,160 --> 00:00:15,480 Speaker 1: Minister for Energy, who's with us. 7 00:00:15,560 --> 00:00:18,000 Speaker 2: High Shane, good afternoon. 8 00:00:18,320 --> 00:00:20,280 Speaker 1: How much storage is this is about eight days? 9 00:00:20,320 --> 00:00:24,320 Speaker 2: Is it? Yes? It's diesel, so it's about twelve million 10 00:00:24,400 --> 00:00:29,720 Speaker 2: litters a day we chew through, so eight twelves, nine twelves, 11 00:00:29,720 --> 00:00:33,839 Speaker 2: it's about ninety million letters. We are we've entered into 12 00:00:33,920 --> 00:00:36,960 Speaker 2: a financial arrangement. It's certainly not a subsidy or a gift. 13 00:00:37,320 --> 00:00:40,640 Speaker 2: We're essentially going to get them to spend their own 14 00:00:40,640 --> 00:00:45,000 Speaker 2: money and then secure access to the storage capacity for 15 00:00:45,040 --> 00:00:47,080 Speaker 2: as long as we need it by way of an 16 00:00:47,120 --> 00:00:51,479 Speaker 2: access fee, and then as time moves forward, probably shovel 17 00:00:51,520 --> 00:00:53,480 Speaker 2: it on to the fuel companies. 18 00:00:53,920 --> 00:00:56,240 Speaker 1: Oh okay, So the twenty one million dollars is not 19 00:00:56,280 --> 00:00:58,280 Speaker 1: to pay for the renovation, it's an access fee. 20 00:00:58,840 --> 00:01:03,000 Speaker 2: They're doing it, yeah, it themselves. However, they want the 21 00:01:03,080 --> 00:01:07,039 Speaker 2: confidence that in the event that we are able with 22 00:01:07,160 --> 00:01:10,120 Speaker 2: the fuel companies or other parties to bring greater amounts 23 00:01:10,160 --> 00:01:12,440 Speaker 2: of diesel into the country, which Lord knows we're going 24 00:01:12,480 --> 00:01:14,880 Speaker 2: to need. Then there's some way to store it, as 25 00:01:14,920 --> 00:01:19,600 Speaker 2: opposed to having a floating terminal like a ship bobbing 26 00:01:19,680 --> 00:01:21,080 Speaker 2: around on the tide. Yeah. 27 00:01:21,080 --> 00:01:23,360 Speaker 1: Okay, So the twenty one million dollars would that be 28 00:01:23,440 --> 00:01:25,280 Speaker 1: comparable to the rates that they paid for all the 29 00:01:25,280 --> 00:01:26,039 Speaker 1: other storage that. 30 00:01:25,959 --> 00:01:29,959 Speaker 2: They have and we're unlikely to use the entirety of 31 00:01:30,000 --> 00:01:35,360 Speaker 2: that money. And basically they've promised and that the contract 32 00:01:35,400 --> 00:01:38,520 Speaker 2: will reflect that through some KPIs to get the thing 33 00:01:38,600 --> 00:01:40,760 Speaker 2: damn thing done by the end of May or within 34 00:01:40,800 --> 00:01:44,480 Speaker 2: spitting distance, and then hopefully we will, like the Aussies, 35 00:01:44,520 --> 00:01:47,119 Speaker 2: have secured some additional fuel, then it will have somewhere 36 00:01:47,120 --> 00:01:51,240 Speaker 2: to put it. I'm confident that they know how quickly 37 00:01:51,640 --> 00:01:56,040 Speaker 2: and robustly they can recommission it, because these things already 38 00:01:56,040 --> 00:01:58,800 Speaker 2: standing idly after labor closed down the refinery. 39 00:02:00,960 --> 00:02:04,560 Speaker 1: Now is eight days enough because aren't you trying to 40 00:02:04,600 --> 00:02:07,040 Speaker 1: get forty days worth of fuel freed up? 41 00:02:09,280 --> 00:02:15,600 Speaker 2: Yes, so we're meant to have well, we have twenty 42 00:02:15,720 --> 00:02:17,800 Speaker 2: we have a limit of twenty one days. It's going 43 00:02:17,840 --> 00:02:20,400 Speaker 2: to move up to twenty eight days for diesel, and 44 00:02:20,440 --> 00:02:23,480 Speaker 2: you either store it on a floating terminal which is 45 00:02:23,560 --> 00:02:26,960 Speaker 2: otherwise known as a ship, or you store it in 46 00:02:27,000 --> 00:02:31,080 Speaker 2: some physical storage capacity. And I think the big lesson 47 00:02:31,160 --> 00:02:33,080 Speaker 2: coming out of this is that kiwis have to be 48 00:02:33,160 --> 00:02:38,359 Speaker 2: willing to enable us, either to the fuel companies or 49 00:02:38,360 --> 00:02:40,440 Speaker 2: with the fuel companies to store more fuel in New 50 00:02:40,520 --> 00:02:42,640 Speaker 2: Zealand because there seven hundred million liters. 51 00:02:42,720 --> 00:02:47,720 Speaker 1: I'm asking basically, if you still need a ship as well. 52 00:02:46,400 --> 00:02:49,200 Speaker 2: Well, we may very well need that, but of course 53 00:02:49,280 --> 00:02:53,360 Speaker 2: there's a maddening rush as Asian nations seek to shore 54 00:02:53,440 --> 00:02:56,000 Speaker 2: up their supplies, and the Aussies have said that they're 55 00:02:56,040 --> 00:03:01,520 Speaker 2: going to either underwrite or subsidize arrival of additional amounts 56 00:03:01,520 --> 00:03:03,640 Speaker 2: of fuel for their country. So we've got no worry. 57 00:03:03,680 --> 00:03:05,880 Speaker 2: We've got experts working on it as we speak. 58 00:03:06,400 --> 00:03:11,200 Speaker 1: Now. Why I laughed before when you had a crackhead 59 00:03:11,600 --> 00:03:14,280 Speaker 1: labor is that Audrey Young. Have you read her newsletter today? 60 00:03:15,320 --> 00:03:16,400 Speaker 2: No, sadly I haven't. 61 00:03:16,480 --> 00:03:19,080 Speaker 1: She says you've got labor derangement syndrome and you're more 62 00:03:19,120 --> 00:03:21,600 Speaker 1: interested in making personal attacks in the house than getting 63 00:03:21,600 --> 00:03:22,640 Speaker 1: oil into the country. 64 00:03:24,480 --> 00:03:27,600 Speaker 2: Look, Audrey, with her seniority, should know this is an 65 00:03:27,639 --> 00:03:30,960 Speaker 2: election year and I'm not going to let just Cinda, 66 00:03:31,040 --> 00:03:34,240 Speaker 2: that political refugee from electoral justice in Meghan Woods, get 67 00:03:34,240 --> 00:03:36,720 Speaker 2: off scot free. And I don't care if it offends 68 00:03:36,760 --> 00:03:39,840 Speaker 2: the sensibilities of the press gallery. The reality is a 69 00:03:39,920 --> 00:03:44,120 Speaker 2: cabinet paper enabled labor to intervene and stop the closure 70 00:03:44,200 --> 00:03:46,400 Speaker 2: of the refinery. They made an active decision to do 71 00:03:46,480 --> 00:03:49,440 Speaker 2: the opposite. I think New Zealander should regard me as 72 00:03:49,440 --> 00:03:52,680 Speaker 2: a patriot for constantly reminding them. Hey, did you. 73 00:03:52,600 --> 00:03:54,880 Speaker 1: Watch Elbow's speech last night out of Australia. 74 00:03:56,000 --> 00:03:59,000 Speaker 2: I thought during the course of today, Yeah, it was What. 75 00:03:59,040 --> 00:04:01,360 Speaker 1: Was he doing, Shane, what's that speech about? Because it 76 00:04:01,360 --> 00:04:02,440 Speaker 1: looked like a nothing burger. 77 00:04:04,400 --> 00:04:08,680 Speaker 2: Maybe he's warning his own people that things are going 78 00:04:08,720 --> 00:04:12,240 Speaker 2: to get really tight because the huge users of fuel, 79 00:04:12,640 --> 00:04:18,240 Speaker 2: they're monstrous uses of resources as they seek to keep 80 00:04:18,279 --> 00:04:21,520 Speaker 2: their minding sector afloat. But it would be very offensive, 81 00:04:21,600 --> 00:04:24,880 Speaker 2: if not harmful me, harmful for me personally, if I 82 00:04:24,960 --> 00:04:27,040 Speaker 2: was to comment in any other way about the leader 83 00:04:27,279 --> 00:04:28,200 Speaker 2: of another country. 84 00:04:28,320 --> 00:04:31,200 Speaker 1: The reason I'm asking you is because the thought occurred 85 00:04:31,200 --> 00:04:33,560 Speaker 1: to me today that we might be in a kind 86 00:04:33,560 --> 00:04:36,719 Speaker 1: of false calm at the moment where we think that 87 00:04:36,800 --> 00:04:39,560 Speaker 1: everything and I'm just talking about normal punters like myself, 88 00:04:39,600 --> 00:04:41,760 Speaker 1: not you guys who know everything, but that we're in 89 00:04:41,800 --> 00:04:43,840 Speaker 1: some sort of false calm and we don't realize how 90 00:04:43,839 --> 00:04:45,400 Speaker 1: bad this is going to get. What do you think 91 00:04:45,480 --> 00:04:46,520 Speaker 1: is that what's going on? 92 00:04:47,360 --> 00:04:50,479 Speaker 2: Well, we're basing our approach on the best quality of 93 00:04:50,520 --> 00:04:54,960 Speaker 2: information that we're getting from the fuel important companies. However, 94 00:04:55,200 --> 00:04:59,720 Speaker 2: people should be confident that we're acting in a proactive fashion. Look, 95 00:05:00,240 --> 00:05:03,040 Speaker 2: it's a decision and it's a matter of political judgment 96 00:05:03,120 --> 00:05:06,240 Speaker 2: for the leader of any country how they stand and 97 00:05:06,360 --> 00:05:09,839 Speaker 2: articulate what lies ahead of us. We've taken a more 98 00:05:09,880 --> 00:05:16,000 Speaker 2: steadfast and arguably judicious approach, and he's warned his fellow 99 00:05:16,040 --> 00:05:18,120 Speaker 2: Aussies that it could get a lot worse for them 100 00:05:18,160 --> 00:05:19,039 Speaker 2: than it currently is. 101 00:05:19,760 --> 00:05:22,080 Speaker 1: Shane has always really appreciate your time, mate, You look 102 00:05:22,120 --> 00:05:25,800 Speaker 1: after yourself, as Shane Jones, Associate Minister for Energy. For 103 00:05:25,920 --> 00:05:29,480 Speaker 1: more from Heather Duplessy Allen Drive, Listen live to news talks. 104 00:05:29,520 --> 00:05:32,720 Speaker 1: They'd be from four pm weekdays, or follow the podcast 105 00:05:32,800 --> 00:05:33,839 Speaker 1: on iHeartRadio.