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Scott Wyatt

πŸ‘€ Speaker
264 total appearances

Appearances Over Time

Podcast Appearances

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

At this time, we'd love, obviously, probably it would be a great thing to have more and to be more independent, but we don't.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

And I think that'll be

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

Obviously, one of the important conversations we come out of this is I don't think anyone wants to live through this again and have the level of insecurity that we feel at the moment.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

So there'll be, I imagine, close examination of what are the options to improve the level of energy security we have in Australia as we go forward from here.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

Well, it's always a balance, Alan.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

I think many countries have obviously more refining capacity than we do, but they also have more

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

strategic storage than we do here in Australia as well.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

So I think it's a combination of both refining capacity and storage to give you a longer period of time to sustain if supply is interrupted.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

And I think ultimately the solution is a combination of the two things.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

We are where we are in terms of what we have

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

as from a refining capacity in Australia doesn't mean we can't build more from here.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

And obviously if you build new, you'll be building more modern refineries.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

We can also add capacity

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

to the refineries we have, but we can also build storage.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

And storage is probably, given where we are, is probably the fastest and quickest way to build more robustness into our position here in Australia.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

Well, I think the storage we have in Australia is sufficient to meet the normal commercial requirements of the country.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

And you've got to remember, for 99% of the time, it serves the country well.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

It's a good balance between meeting the needs of consumers and doing it in the lowest cost way.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

And obviously, both those things are important.

ABC Business Daily
Viva's Scott Wyatt on a fire and a fuel crisis

But it doesn't sustain you in a crisis like we're facing at the moment.