Viva Energy to keep Australia moving with fuel agreement

Viva Energy’s Geelong refinery. (Photo: Viva Energy)

Viva Energy Australia confirmed April 9 that it will support the Australian government, through Export Finance Australia, to secure additional fuel to bolster Australia’s fuel security during the Middle East crisis.

EFA and Viva Energy have agreed commercial terms that ensure Viva Energy can move quickly to secure and deliver additional fuel into the Australian market wherever it is most needed.

The government’s program involves price support and working capital if required.

Viva Energy’s domestic refining capability, national network of import terminal infrastructure, and global importing capability through its trading partnership with Vitol, one of the world’s largest energy traders, puts it in a unique position to help the Australian government respond to this crisis.

“We understand just how critical fuel is to keep motorists, farmers and businesses moving,” said Scott Wyatt, CEO of Viva Energy. “Our dedicated teams have been working tirelessly to keep our customers supplied from our Geelong refinery production as well as sourcing extra cargoes, managing challenging logistics and responding to rapid market developments.”

Wyatt continued, saying, “We are proud to be able to support the Australian government in going above and beyond to secure additional fuel supply and see the country successfully navigate these challenging and uncertain times.”