The Applicants together with potential future equity partners* in the Gorgon Gas Project are seeking authorisation to engage in the following conduct:
-jointly discuss and negotiate common terms and conditions, including price, under which natural gas produced for sale to customers in Western Australia (domgas) will be offered for sale by the Applicants
-enter into and give effect to contracts, arrangements or understandings between the Applicants containing common terms and conditions, including price and price arbitrations/determinations, upon which domgas will be offered for sale and sold by the Applicants and
-in relation to any gas sales agreements entered into during the period of any interim and final authorisation for the supply of domgas, continue to give effect jointly to the provisions of such agreements over their term.
Authorisation is sought for a period of the earlier of:
-until customer agreements have been reached for the sale of 2000PJ of domgas or
-6 years from the date of the first supply of domgas to a customer in Western Australia.
* Future equity partners is limited to any customer that purchases LNG from the Applicants, up to a total of 10 per cent equity interest held by all LNG customers in the Gorgon Gas Project.
The ACCC granted conditional interim authorisation to the Applicants on 24 June 2009. Interim authorisation came into effect on 15 July 2009.
The ACCC released a determination on 5 November 2009 granting conditional authorisation until 31 December 2015.
