Ian Verrender

It's cheaper for us to buy refined fuel from there than to buy crude oil and bring it in here and do it.

And either way, because we don't have the oil deposits here, you're going to have to bring in the fuel some way.

So you're either going to be buying crude oil or you're going to be buying refined fuel.

And the cheapest option for us was to buy refined fuel.

Now, we've got a crisis at the moment.

This is what happens during a crisis.

And look, as I said, we have been rather lucky in some ways that we are buying refined fuel because we've got this great little weapon here.

You need our gas.

We're a giant gas producer.

You're a big customer.

You need it.

And we'll take some of your liquid fuels.

Thanks very much.

Unfortunately, for countries that do not have the kind of

I guess, bargaining chip that we've got.

And there's a lot of countries through Asia that are going to be in really dire straits.

They won't be able to get the kind of fuel they need.

Did you go to them when you were there?

Look, this is a defining moment for the global economy.

We've got probably the worst energy crisis that we've ever seen since industrialization.