New Zealand Eyes Fuel Storage Options in Singapore and Malaysia

New Zealand is looking at storing fuel in Malaysia and Singapore, a senior government minister said, as the impacts of the Iran war expose the risks from its limited domestic storage capacity.

“We don’t have surplus storage capacity in New Zealand,” Resources Minister Shane Jones said in an interview. “We do have options, and officials have explored the capacity for us to store fuel offshore. One of the options we have been advised about is Malaysia and Singapore.”