Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Damaged New Zealand fuel pipeline restarted -officials

Published 24/09/2017, 11:05 am
Updated 24/09/2017, 11:10 am
Damaged New Zealand fuel pipeline restarted -officials

By Benjamin Cooper

SYDNEY, Sept 24 (Reuters) - A damaged pipeline that resulted in a fuel shortage across New Zealand and grounded hundreds of flights was restarted on Sunday after repairs were completed, officials said.

Jet fuel from the Marsden Point Oil Refinery began to arrive at Auckland's Wiri Oil Terminal on Sunday morning, and is expected to reach Auckland Airport by Tuesday, Energy and Resources Minister Judith Collins said.

"Airlines are continuing to operate their networks on the 50 percent fuel allocation from Auckland, with increasing stability and minimal disruption to passengers," Collins said in a statement. "The number of flight cancellations has been steadily decreasing."

Five international flights were canceled on Saturday as the country's army trucked fuel to Auckland airport and New Zealanders went to the polls for a general election. Two more international flights are expected to be canceled on Sunday.

The New Zealand government set up a commission to oversee the response to the crisis just days before Saturday's poll, which has left the ruling National Party and opposition Labour Party in a position of having to lobby the nationalist New Zealand First party to form a coalition government. industry officials have expressed concern about the impact on the international reputation of the South Pacific island nation, which has been experiencing record levels of tourism.

More than 100 flights were canceled over the past several days and many more delayed, disrupting the plans of thousands of travelers.

Damage to the 170-km (105-mile) fuel line, which supplies almost all of the fuel for Auckland, New Zealand's largest city, was believed to have been caused by a digger. Repairs were completed late on Friday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

New Zealand Refining Co Ltd NZR.NZ Chief Executive Sjoerd Post told media on Saturday that full capacity would probably not return until early next year. Post said the pipeline would operate at 80 per cent capacity until further tests were carried out over the next few months.

Latest comments

Nice
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.