Briefs And Reports Regarding International Energy Agency (iea) Fuel Reserve Obligations.

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This disclosure contains a consulting report on Australia's International Energy Agency (IEA) oil stockholding compliance strategy, prepared by Envisory Limited in July 2025. The report updates market trends for "oil stock tickets"—arrangements where sellers reserve oil stocks on behalf of buyers for a fee, allowing ticket purchasers to count reserved oil toward IEA commitments without physical possession. Australia previously purchased such tickets on a pilot basis from 2018-2021 as part of maintaining a 90-day net oil import reserve requirement. The report provides price outlook analysis and develops cost estimates for compliance options, intended to inform DCCEEW's oil security strategy. The document contains confidential New Zealand Government pricing information restricted to departmental use. This disclosure relates to energy security obligations rather than environmental impact assessment or species/ecosystem protection matters.