Provision of Onshore Petroleum Reserves for the New Zealand Government

Details

Please find attached the Request for Tender (RFT) for holding petroleum reserves on behalf of the New Zealand Government in New Zealand (onshore). This is the same process that was run for onshore petroleum reserves tenders in 2022.

The volume being tendered for is 500,000 tonnes (although that volume may be adjusted at the discretion of the New Zealand Government).

The onshore petroleum reserves tender is being run concurrently with a tender to hold petroleum reserves on behalf of the New Zealand Government offshore and tender responses will be required, as set out in the RFT, by 17:00 UCT 26th January 2024.

This tender is entirely separate from the Government’s October 2022 fuel resilience policy package (including the minimum fuel stockholding obligation pursuant to the Fuel Industry (Improving Fuel Resilience) Amendment Act 2023 and the Government’s investigations regarding the procurement of onshore reserve diesel stock to be held by the Government (including the associated Request for Proposals for the lease of diesel tank storage capacity in New Zealand from December 2023)). To be clear, any petroleum reserves contracted through this tender cannot be used towards a company’s minimum stockholding obligation under the Fuel Industry (Improving Fuel Resilience) Amendment Act 2023 when that obligation comes into force on 1 January 2025.

If your company has not previously completed the registration process but wishes to participate in this tender, please refer to GETS ID 28450086 to obtain the registration documents.

If there are any questions, please email oilsecurity@mbie.govt.nz by 17:00 UCT 17th January 2024 to ensure a response is received prior to the deadline for tender responses.

An electronic copy of the tender in PDF format by email is required and must be sent by email to oilsecurity@mbie.govt.nz by 17:00 UCT 26th January 2024.