{"id":347184,"date":"2026-03-25T14:44:09","date_gmt":"2026-03-25T14:44:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/347184\/"},"modified":"2026-03-25T14:44:09","modified_gmt":"2026-03-25T14:44:09","slug":"government-considers-helping-refurbish-channel-infrastructures-empty-marsden-point-fuel-storage-tanks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/347184\/","title":{"rendered":"Government considers helping refurbish Channel Infrastructure\u2019s empty Marsden Point fuel storage tanks"},"content":{"rendered":"<p class=\"yUwWNyfsvD\" style=\"display:none\">Speaking to the Herald, Resources Minister Shane Jones said, \u201cI can tell you very lucidly, Channel Infrastructure have a proposal. It is with our officials. It would require the Crown to work and try to recommission some tanks at Marsden Pt. No decisions have been made. <\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">\u201cI genuinely believe we need more storage in New Zealand, but I can\u2019t make a decision as to what role the Crown should play until the Finance Minister and the Cabinet agree.\u201d<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">Officials at the Ministry of Business, Innovation and Employment (MBIE), including those who work for its regional economic development and investment unit, K\u0101noa, are preparing advice on the matter for Jones and Finance Minister Nicola Willis.<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">Willis said MBIE was looking at regulatory hurdles impeding the operationalisation of tanks, what construction would be required, how long that would take \u2013 whether it would be months or longer \u2013 and what the funding situation was.<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">Willis was hesitant to suggest the Government was prepared to pay to help refurbish the tanks.<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">She noted Channel was a \u201ccommercial company\u201d and \u201cyou would expect fuel importers would need to pay for their storage\u201d.<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">Jones said he had also spoken to the Port Taranaki chief executive about potential fuel storage capacity that could become available in that part of the country.<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">He said loosening regulations around bunds \u2013 containment walls or embankments used to prevent tanks from leaking \u2013 could be a solution. <\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">\u201cBut it depends on when the Methanex tanks may be available, and I don\u2019t want to say or do anything that expedites the departure of Methanex,\u201d Jones said.<\/p>\n<p class=\"yUwWNyfsvD\" style=\"display:none\">Jen\u00e9e Tibshraeny is the Herald\u2019s Wellington business editor, based in the parliamentary press gallery. She specialises in government and Reserve Bank policymaking, economics and banking.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Speaking to the Herald, Resources Minister Shane Jones said, \u201cI can tell you very lucidly, Channel Infrastructure have&hellip;\n","protected":false},"author":2,"featured_media":347185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,12509,45456,18205,23778,2678,266,30538,5345,1702,184640,19133,180444,111,139,69,423,36200,184639,11162,12721],"class_list":["post-347184","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-capacity","tag-channel","tag-considers","tag-empty","tag-fuel","tag-government","tag-helping","tag-increase","tag-infrastructure","tag-infrastructures","tag-looking","tag-marsden","tag-new-zealand","tag-newzealand","tag-nz","tag-point","tag-potentially","tag-refurbish","tag-storage","tag-tanks"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/347184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=347184"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/347184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/347185"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=347184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=347184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=347184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}