South Korean airlines have asked their government to help redirect jet fuel exports to the domestic market, threatening half of Australia’s imports of the critical fuel after Chinese authorities earlier this month flagged export restrictions.
Amid deepening concerns across Asia about the impact of the escalating Middle East conflict, an official at South Korea’s transport ministry told the Guardian that “some domestic carriers” had asked authorities to redirect export-bound jet fuel back to the local market due to supply concerns.
Any move to restrict exports would hit import-dependent countries particularly hard. For instance, Australia sources roughly a quarter of its refined fuel imports from South Korea, including 18% of our total jet fuel imports.
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Source www.theguardian.com
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