Government Secures 93 Million Litre Diesel Boost at Marsden Point

The NZ government has partnered with Channel Infrastructure to boost diesel storage at Marsden Point by 9 days' demand, bolstering national fuel security through 2027.

By: AXL Media

Published: Apr 20, 2026, 9:12 AM EDT

Source: RNZ Pacific

The Breaking Development: Nine Extra Days of Diesel

The short-term agreement, which runs through December 31, 2027, sees the government utilizing existing infrastructure at the former refinery site to mitigate the risk of fuel shortages.

Storage Capacity: 93 million litres (equivalent to ~9 days of national demand).

Operational Date: May 31, 2026.

Financial Impact: The deal is expected to generate approximately $1.2 million per month in revenue for Channel Infrastructure, contributing an estimated $8 million in 2026 alone.

Upgrade Scope: Unlike a full refinery recommissioning, these upgrades focus on tank cleaning, new linework, and advanced pumping systems, allowing for a rapid turnaround compared to a 24-month refurbishment.