Potential for additional fuel storage at Marsden Point

NZX AND ASX RELEASE

25 March 2026
Channel comments on potential for additional fuel storage at Marsden Point
Channel Infrastructure NZ Limited (NZX:CHI, ASX:CHI), New Zealand’s largest fuel import
terminal business, notes recent media commentary regarding additional fuel storage at the
Company’s Marsden Point site.

Channel has almost 300 million litres of fuel storage currently in service, and an additional 350
million litres of tank capacity that could be converted and brought into service to provide additional
fuel storage for New Zealand.

Channel confirms that it has identified some very preliminary options for significantly increasing
diesel storage capacity on an accelerated timeframe at Marsden Point, as part of Channel’s
commitment to supporting New Zealand’s fuel security. Channel does not intend to make any
further comment on discussions with its customers.

Import terminal operations at Marsden Point continue as normal despite the disruptions to the
global fuel supply chain caused by the current Middle East conflict.

- ENDS -

Authorised by:

Chris Bougen
General Counsel and Company Secretary

Contact details
Investor Relations contact:
Anna Bonney
investorrelations@channelnz.com

Media contact:
Laura Malcolm
communications@channelnz.com

About Channel Infrastructure

Channel Infrastructure is New Zealand’s largest fuel import terminal business, storing and
distributing 40% of New Zealand’s transport fuel, including 80% of New Zealand’s jet fuel. We
receive, store, test and distribute petrol, diesel, and jet fuel that our customers import and
supply to Auckland and Northland.

Fuel is imported via our deep-water harbour and jetty infrastructure at Marsden Point and stored
in more than 290 million litres of contracted storage tanks on site. The fuel is then distributed via
our 170-kilometre pipeline to Auckland, or by our customers (bp, Mobil, and Z Energy) via truck
into Northland. We underpin the resilience of New Zealand’s fuel supply chain with our tank
capacity, which enables increased storage of fuel in New Zealand, and through efficient, low
emission distribution of the fuel into the Auckland market. Given our proximity to Auckland, and
critical role in the jet fuel supply chain, Channel is well positioned to support the renewable fuel
transition.

Our plan for growth includes supporting fuel resilience for New Zealand through additional fuel
storage on our site, unlocking the strategic value of the Marsden Point Energy Precinct Concept
which reflects the significant role Channel could play in supporting New Zealand’s energy
transition – through potential opportunities including supporting the manufacture of lower-carbon
future fuels, as well as a range of potential energy security opportunities, and exploring
expansion beyond Marsden Point.

Channel Infrastructure also owns a 25% interest in the Somerton jet fuel pipeline to Melbourne
Airport and its wholly-owned subsidiary, Independent Petroleum Laboratory Limited, provides
fuel quality testing services throughout New Zealand.

For more information on Channel Infrastructure, please visit: www.channelnz.com