The Australian Competition Authority concludes inquiry into gas industry and recommends increasing sources of supply and improving transparency

The Australian Competition and Consumer Comission (ACCC) found that the future east coast gas supply outlook was uncertain and made a number of recommendations to facilitate new gas supply (such as no blanket moratoria) and improve transparency in relation to reserves, resources and pricing (such as consistent reporting). ACCC recommends increasing sources of supply and improving transparency. Also, in one of its most significant recommendations, the ACCC indicated that it will be investigating the joint marketing arrangements of the Gippsland Basin Joint Venture (GBJV). FINDINGS The future supply outlook is uncertain The ACCC found that sufficient gas is currently forecast to be produced to meet domestic demand and export commitments until 2025, although these forecasts are

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Authors

  • Jones Day (Melbourne)
  • Herbert Smith Freehills (Sydney)

Quotation

Matthew Bull, David Vallance, The Australian Competition Authority concludes inquiry into gas industry and recommends increasing sources of supply and improving transparency, 22 April 2016, e-Competitions April 2016, Art. N° 93535

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