When the Tankers Don’t Come: Fuel Security and the Case for Domestic Biomethanol
Australia imports the overwhelming majority of its refined liquid fuels. We consume in the order of 50 billion litres of petroleum products annually. Our domestic stockholding sits at roughly 20 to 28 days of supply — well below the 90-day reserve obligation we committed to as a member of the International Energy Agency. We have been in technical breach of that commitment for over a decade.