Salamat Datang
Australian Prime Minister Albanese in Brunei April 2026
Previous post:
25/3/2021
Brunei peak oil – golden opportunity for China’s Belt and Road Initiative
https://crudeoilpeak.info/brunei-peak-oil-golden-opportunity-for-chinas-belt-and-road-initiative
From the Australian PM’s website:
Joint statement on energy and food security
15 Apr 2026
In this context, we reaffirm our commitment to strengthen energy and food security, to support the flow of essential goods between our two countries, including petroleum oils, such as diesel and crude oil, as well as agriculture and agri-food essentials and key agricultural inputs such as urea, to avoid unjustified import and export restrictions and to notify and consult each other on any disruptions with ramifications on the trade of energy and food related supplies.
Anthony Albanese and Sultan Haji Hassanal Bolkiah have agreed to work together to strengthen energy supply chain resilience (AAP: Bianca de Marchi)
One stakeholder is missing on the above photo:
Hengyi CEO Chen Lian Cai
https://www.bizbrunei.com/2021/01/hengyi-industries-records-us3-5-billion-revenue-in-2020/
The role of Hengyi Industries Sdn. Bhd. in Brunei is explained in the above introductory article.
Let’s have a look at oil statistics:
Fig 1: Peak oil in both Australia and Brunei
The uptick in Australian oil production comes from condensate production in Australia’s offshore gas fields on the west coast.
Fig 2: Australia’s crude, condensate and LPG production vs exports
The graph shows part of the wrong policies of consecutive Australian governments. In 2010 I proposed to then Energy Minister Martin Ferguson in a meeting booked at Rudd’s Cabinet Community meeting to assist the private sector to build a condensate refinery. I was told that Australia can always buy oil. That in a nutshell was the energy policy. The current Prime Minster is now forced belatedly to deal with the consequences.
Fig 2: Australian crude imports from Brunei
Australian crude oil imports from Brunei are:
• 12% of all Australian crude imports
• 21% of Brunei crude production
Fig 3: Brunei’s refinery output (Jodi data)
Fig 4: Brunei crude exports 2013-2024
https://www.ceicdata.com/en/indicator/brunei/crude-oil-exports
Fig 5: Australian petrol imports from Brunei are negligible
Fig 6: From Brunei 9% of total diesel imports
That is an important share. Australian diesel imports from Brunei started when the Chinese Hengyi refinery opened. Hengyi capacity 175 kb/d.
Fig 7: Australian diesel imports by country of origin in 2025
Jet fuel imports from Brunei: nil
Conclusion:
Albanese will have forgotten peak oil but blessed are the innocent.