{"id":39265,"date":"2026-06-02T22:03:45","date_gmt":"2026-06-02T12:03:45","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=39265"},"modified":"2026-06-02T22:03:45","modified_gmt":"2026-06-02T12:03:45","slug":"targeted-investment-round-now-open-to-secure-nsws-fuel-future","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2026\/06\/02\/targeted-investment-round-now-open-to-secure-nsws-fuel-future\/","title":{"rendered":"Targeted investment round now open to secure NSW\u2019s fuel future"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Expressions of Interest (EOI) are now open for major investment projects designed to strengthen fuel security and resilience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Investment Delivery Authority (IDA) is calling for proposals from industry to deliver commercial-scale projects that improve the state\u2019s fuel supply, reduce reliance on imports, and help protect households, businesses and essential services from future global disruptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The targeted IDA round is focused on projects valued at $100 million or more that can directly improve fuel security, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>fuel storage and distribution infrastructure<\/li>\n\n\n\n<li>domestic, import-independent liquid fuel production<\/li>\n\n\n\n<li>heavy electric vehicle charging hubs and fleets to reduce reliance on diesel over time.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">While these three priority areas are a focus of the round, the IDA welcomes EOIs for any projects that improve fuel security in NSW that meet relevant criteria.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The EOI will run alongside a Market Sounding process for three weeks, giving proponents the opportunity to put forward both investment-ready projects and earlier-stage proposals that may not yet meet IDA criteria.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Market Sounding process will capture insights from industry on emerging projects, helping the NSW Government better understand barriers to investment and opportunities to strengthen the fuel supply chain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The IDA will use its existing model to coordinate delivery support across government, helping endorsed projects navigate planning and regulatory processes and accelerate delivery.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This forms part of the Minns Labor Government\u2019s plan to improve fuel security and transparency across the industry, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Passing the\u00a0<em>Fair Trading (FuelCheck) Amendment Bill 2026<\/em>\u00a0to extend the NSW Fair Trading\u2019s powers, making it illegal for a service station or fuel retailer to fail to report a price for fuel or fail to notify if a type of fuel becomes unavailable.<\/li>\n\n\n\n<li>Investing $2.2 million to upgrade FuelCheck.<\/li>\n\n\n\n<li>Conducting a record number of fuel compliance inspections and re-inspections, with more than $300,000 worth of fines issued for non-compliance.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Expressions of Interest will remain open till 11:59am Monday 22 June 2026 and projects can be submitted at&nbsp;<a href=\"https:\/\/www.nsw.gov.au\/departments-and-agencies\/investment-nsw\/investment-delivery-authority\">https:\/\/www.nsw.gov.au\/departments-and-agencies\/investment-nsw\/investment-delivery-authority<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Treasurer Daniel Mookhey said:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019re inviting industry to bring forward the next generation of fuel security projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis isn\u2019t only an energy issue, it\u2019s a cost-of-living issue for families and businesses across NSW.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is about partnering with investors to strengthen supply, support jobs and reduce our exposure to global fuel disruptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBy opening both an EOI and Market Sounding process, we are making sure we capture projects that are ready to proceed, as well as those that can shape future investment.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Minister for Planning and Public Spaces Paul Scully said:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cNSW has the infrastructure, industrial capacity and strategic locations needed to support large-scale fuel and fuel alternative projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis targeted IDA round is designed to help proponents navigate approval pathways and get critical projects moving faster to support NSW\u2019s long term fuel security.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe want to see high-quality proposals that make the most of existing infrastructure to build resilient fuel systems we need into the future.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Minister for Industry and Trade Anoulack Chanthivong said:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOpening the EOI process sends a clear signal that NSW is open for business and committed to delivering major fuel security investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Market Sounding process will give us valuable insight into emerging opportunities, and the barriers holding worthwhile projects back.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThis is about building a stronger pipeline of investment, supporting regional industry and positioning NSW as a leader in next-generation fuel production.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expressions of Interest (EOI) are now open for major investment projects designed to strengthen fuel security and resilience. The Investment Delivery Authority (IDA) is calling for proposals from industry to deliver commercial-scale projects that improve the state\u2019s fuel supply, reduce reliance on imports, and help protect households, businesses and essential services from future global disruptions. &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2026\/06\/02\/targeted-investment-round-now-open-to-secure-nsws-fuel-future\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Targeted investment round now open to secure NSW\u2019s fuel future&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39265","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/39265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=39265"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/39265\/revisions"}],"predecessor-version":[{"id":39266,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/39265\/revisions\/39266"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=39265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=39265"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=39265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}