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China Agrees to Facilitate Jet Fuel Talks With Australian Buyers

The move signals a cautious opening that could ease tight supplies for Australia after months of export curbs.

Overview

  • Penny Wong, speaking in Beijing on Wednesday, said Chinese authorities will help connect suppliers with Australian companies for jet fuel and called it a first step.
  • Industry reports from the Financial Times and Bloomberg said state refiners have applied for permits to ship fuel in May, pointing to a possible restart of exports.
  • Exports were cut in March after the Strait of Hormuz was disrupted by the Iran war, which hit Australia hard because China supplied about a third of its jet fuel last year.
  • Wong pressed Vice-Premier Han Zheng and Foreign Minister Wang Yi for steady access to jet fuel and fertilizers, arguing reliable inputs keep Australia's resource exports flowing to China.
  • Her meeting began with a brief standoff as Chinese officials tried to block Australian media from filming her opening remarks in the Great Hall of the People.