Related Articles
Forward article link
Share PDF with colleagues

Australia struggles to stop downstream exodus

Australia’s energy security takes another hit with ExxonMobil opting to shutter its Victoria refinery

ExxonMobil plans to convert its 90,000bl/d Altona refinery into a fuel import terminal, after concluding it is no longer economically viable. Coming a little over three months after a similar announcement from BP concerning its 138,000bl/d Kwinana refinery in Western Australia, the shutdown will shrink Australia’s refining capacity from 457,000bl/d to just 229,000bl/d by 2022. With the country then having to rely more heavily on regional fuel suppliers to meet demand, there are growing concerns about how the government intends to safeguard its energy supply lines. Lifeline falls short Although the coronavirus pandemic sent the Australian downstream into a tailspin in 2020, refinery operat



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Bangladesh hails Henry Hub linkage in US LNG deal
4 August 2021
South Asian importer hopes for price advantage compared with Brent
ExxonMobil announces 2021 Power Play finalists and community voting
4 August 2021
Sixteen outstanding professionals are up for awards across four categories, with community voting now open
BP’s Angolan JV could provide future template
3 August 2021
The major’s pooling of non-core resources with Italy’s Eni may be a model moving forward
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video