Coming back to the 2019 Liquid Security Review https://www.environment.gov.au/energy/liquid-fuel-security-review-consultation Figures 9-11 in part 1 show how dependent Australia has become on fuel imports from South Korea and Japan, even China. The Review…
Tag: South Korea
South Korea’s crude oil imports from Iran
US State Department Special Briefing by the Director of Policy Planning 2/7/2018 MR HOOK: “…..Our focus is on getting as many countries importing Iranian crude down to zero as soon as possible”…
Australian fuel imports from Asia are going sky high while non-compliance with IEA stock requirements continues (part 1)
From time to time the media takes some interest: Low emergency oil reserves ‘now pose a danger to security’ 16/2/2018 Australia’s failure to meet emergency oil reserves now posed a national security…
Almost half of Australia’s petrol, diesel and jet fuel imports come from South Korea and Japan
As the world wonders what comes next in the North Korean missile crisis we need to have a look what a military confrontation would mean for Australia. This article from the Sydney…
South Korea’s oil trade under threat
In 2010 the China Sign Post blog published an article entitled “Playing with fire. Potential impact of a North Korean threat to South Korean oil refineries”, showing following map: Fig 1: Range…
Australia beats them all – in oil imports
Among OECD countries Australia is #1 in increasing its net oil imports over the last decade, for some a proud, for others a sad achievement. Federal Resource Minister Martin Ferguson told me…