Nine To Noon Latest on the global fuel shortage and what we should expect
Mar 29, 2026
Nathan Surendran, energy transition consultant and chair of the Wise Response Society, explains fuel supply realities and policy choices. He discusses how little fuel is onshore, risks of cargoes being redirected, the case for ring‑fencing diesel for food and farming, and why a new LNG terminal may not be economically sensible. He also highlights mixed public signals that can trigger hoarding and queues.
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Government Sees Distribution Not Immediate Supply Crisis
- Christopher Luxon frames the problem as distribution rather than immediate supply, warning of disruptions in two to three months.
- He says refineries and suppliers are seeking alternatives and South Korea assured New Zealand of getting 100% of last year's orders.
Activate Fuel Plan Early As Precaution
- Nathan Surendran recommends activating the national fuel plan sooner as a precaution to avoid worse outcomes later.
- He urged considering early rationing because the implications of running out of fuel would be extremely unpalatable.
Ring Fence Diesel For Food Production
- Ring fence diesel for domestic food production first to secure arable crops, vegetables, livestock and transport to market.
- Nathan notes winter crop planting decisions are being made now, so protected supply is time-critical.