New Zealand Government diesel storage project update

NZX AND ASX RELEASE

8 June 2026
New Zealand Government diesel storage project update
Channel Infrastructure NZ Limited (NZX:CHI, ASX:CHI), New Zealand’s largest fuel import
terminal business, confirms that last week it made 93 million litres of diesel storage capacity
available for service for the New Zealand Government at the Company’s Marsden Point Energy
Precinct.

Channel Infrastructure, together with a significant workforce of Northland contractors has, over
the course of the past nine weeks, worked around the clock to deliver this storage capacity, which
has included connecting over 750 meters of new pipework on an accelerated basis. The additional
storage will provide New Zealand with a further nine days of diesel demand coverage.

Channel’s Chief Executive Rob Buchanan said “Channel has a proven track record of being able
to deliver large scale infrastructure projects that are critical for New Zealand’s energy security.
This project drew on a wide network of our trusted contract partners, who, along with our people,
have developed significant agility around project execution, which enabled us to rapidly respond
and deliver increased fuel storage at massive scale on an accelerated timeframe. Our track record
of delivering projects safely, on budget and on time is proven and this project is yet another
example of this capability in action.

“The entire Channel team is proud to have been able to serve the country by enhancing the
resilience of New Zealand to any potential fuel supply chain disruptions. The 93 million litres of
diesel storage has been delivered at an absolutely critical juncture as the conflict in the Middle
East continues to disrupt oil supplied through the Strait of Hormuz.”

Channel has a key role in supporting New Zealand’s energy security. In addition to the 93 million
litres of Government Diesel storage Channel expects to commission further jet storage for Z
Energy in July 2026. Post these two projects, Channel has a further 350 million litres of tank
capacity remaining available for repurposing to support additional fuel security measures if
required.


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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 385 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. Channel also has more than 350 million litres of tank capacity available for
repurposing to finished product storage to support fuel security projects.

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