CANBERRA, ACT, March 28 -- The Prime Minister of Australia issued the following media release:
The Albanese Government is acting to shield Australia against any future fuel supply chain disruptions, by establishing new fuel security powers, enabling government to work with fuel suppliers to keep fuel flowing to Australia.
Next week the Government will introduce amendments to the Export Finance and Insurance Corporation Act, formalising the Commonwealth's ability to underwrite additional cargoes and other vital strategic reserves as needed.
We are already in discussions with local and international fuel suppliers to help them source additional cargoes as needed to keep our nation and our people moving.
Our focus will be on ensuring addit...