Australia news live: Penny Wong wins jet fuel pledge from China in Beijing visit; US lawmaker says Aukus price might go up
Summary
Australia’s Foreign Minister Penny Wong announced that China has agreed to support exports of jet fuel to Australia to help ease supply problems caused by the war in the Middle East. Separately, a US lawmaker said Australia may need to spend more money to ensure the success of the Aukus nuclear submarine project with the US and UK.Key Facts
- China will facilitate jet fuel exports to Australia after talks between Penny Wong and Chinese officials in Beijing.
- The supply disruption is linked to the war in the Middle East, which affected energy markets globally.
- China paused jet fuel exports early in the conflict to protect its own oil supplies.
- Penny Wong asked for more balanced trade, with steady supplies of fuel and fertilizers to Australia in return for raw materials sent to China.
- A US lawmaker, Joe Courtney, indicated Australia might need to invest more than the initially planned US$3 billion to support the Aukus submarine program.
- Australia has already sent about US$2 billion to US manufacturers working on the Aukus submarines.
- Concerns have been raised about the ability of British shipbuilders to deliver their part of the Aukus submarine project.
- An interim report on antisemitism linked to the Bondi terror attack is expected soon but is separate from the fuel and Aukus topics.
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