Tasmanian Government strengthens focus on fuel security

The Tasmanian Government has reaffirmed its commitment to ensuring long‑term fuel security for the State, following a detailed briefing on fuel storage levels and national policy settings.

Premier, Jeremy Rockliff, said ensuring Tasmania has a resilient and reliable fuel supply is essential for the State’s economic stability and community safety.

“Tasmania’s fuel supply is essential for our economy, our communities, and our emergency response capability,” the Premier said.

“I have requested Tasmania’s Director of Energy Planning to provide ongoing visibility of fuel stock levels across the State, including trends, constraints, and emerging risks, to support forward planning and ensure the State is well-positioned to respond to potential supply disruptions.

“While the Commonwealth is responsible for national fuel security, it is important we understand Tasmania’s vulnerabilities and opportunities and take sensible steps to strengthen our position where appropriate.”

A key component of this work includes examining how Tasmania aligns with the Australian Government’s national Fuel Security Strategy, which centres on minimum stockholding requirements and the maintenance of strategic reserves.

“This work will help ensure the State is well‑prepared for any future disruptions and that we have a clear, evidence‑based understanding of our storage levels and capacity,” the Premier said.

Fuel security is the responsibility of the Federal Government, however the Tasmanian Government is exploring opportunities to strengthen the State’s resilience.

“This includes assessing the State’s existing storage capacity, opportunities for infrastructure expansion, potential industry partnerships, and the broader policy levers that may help improve resilience,” Premier Rockliff said.

Acting Minister for Energy and Renewables, Guy Barnett, said fuel security is a critical part of Tasmania’s broader energy resilience planning.

“We are working closely with industry and key agencies to examine practical measures that could support a stronger, more secure supply chain for Tasmania, with two Tasmanian fuel forums held,” Minister Barnett said.

“I have written to Federal Treasurer Jim Chalmers, Federal Energy Minister Chris Bowen and the ACCC to advocate on behalf of all Tasmanians.”

As part of this work, the Government has also sought advice on potential mechanisms to support a more formalised State approach, including minimum stockholding requirements, reporting obligations, and other regulatory tools.

“We are assessing what policy, regulatory, or infrastructure options may be appropriate to support the State’s long‑term needs,” Minister Barnett said.

“We appreciate the collaboration from business and industry stakeholders, and we will continue to work in partnership to ensure Tasmania’s fuel security arrangements remain robust.”

The Government is delivering for industry by working closely with industry and relevant agencies to ensure Tasmania maintains a secure, reliable, and future‑focused fuel supply framework.