00:02Prime Minister, you've made a series of announcements about extra or guaranteed access to fuels
00:07and fertilisers on this trip. How do you tote up the gains from your travels?
00:12What we know is that it is making a difference. So no government can say that they can fully
00:19protect their country from the impact that this is having right around the world. What
00:27do you want to make every effort, both domestically and internationally, to shield Australians
00:32from the worst impact of this global crisis? And so today's announcement of 100 million
00:41litres of fuel, and particularly being diesel, which is what we most need, 50 million litres
00:51from Korea and 50 million from Brunei and two ships, as a direct result of the work that
01:00we put in place through Export Finance Australia, will make a substantial difference. Now, there's
01:06more to do, but what that shows is that we got the policy settings right when we established
01:11that and did the deals with Viva and with Ampol, and now we've done it as well with two smaller
01:19suppliers. So everyone in the world is now scrambling for fuel, and you can't just magic it up. Where
01:26has the extra fuel come from? Are you prepared to source petrol from Iran or Russia? What we're doing,
01:34our sanctions remain in place, we have sourced the fuel from Brunei and Korea, and that will make a
01:43difference. In addition to that, we've done work with Singapore, with Brunei and Malaysia, but we're also
01:50talking with Korea. We've spoken with, I've spoken with the Chinese Premier, we're speaking to Japan.
01:57We're engaged in our region, and as well we're engaged with Indonesia. I had contact with Indonesia
02:04today about further issues that might be advanced in coming days. So we're working right across the
02:11board, whether it's diesel and other forms of fuel, whether it be fertiliser, the products that we need
02:19in Australia. We're working with our friends and achieving results and outcomes as a result of really
02:29the investment that we've put in over the last four years, building those relationships.
02:35You're having to basically buy from non-traditional markets, aren't you?
02:38Well, we have traditional relationships, of course, with Korea and Brunei,
02:44but what this is, is on top of our existing contracted supplies, this is off the spot market,
02:52and by underwriting that supply, we're able to encourage the private sector to engage with the
03:00confidence that that underwriting from government brings.
03:08If you want to take a look at the point you've got to organizations,
03:08And your second point where you define what's going on,
03:08but it's of course not only a couple of times you've been in the same way,
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