Macquarie Mereenie & Ors

Summary

On 29 July 2021, the ACCC received an application for authorisation from Central Petroleum Limited and Central Petroleum Mereenie Pty Ltd (as trustee for the Central Petroleum Unit Trust) and Macquarie Mereenie Pty Ltd (the Applicants) to jointly market the natural gas produced out of the Mereenie gas field (which is owned by the applicants in a joint venture arrangement).

The Applicants seek authorisation to:

  1. engage in the joint marketing of natural gas produced from the Mereenie Gas field; and
  2. give effect to any contracts with customers that may arise out of the joint marketing of Mereenie gas. These contracts may involve common terms and conditions, including in relation to price

(together, the Proposed Conduct).

Authorisation to jointly market the natural gas produced out of the Mereenie gas field was previously granted by the ACCC on 29 March 2018 for a period of three years (in relation to joint marketing) and ten years (in relation to giving effect to contracts), see Authorisation AA1000398. The Applicants now seek authorisation for a term of five years (for joint marketing) and ten years (for giving effect to contractual terms and conditions).

The Applicants have also requested interim authorisation to allow them to engage in the Proposed Conduct prior to the ACCC’s final determination.

Further information on the application for authorisation, including the details of the Proposed Conduct, is available below.

The ACCC is currently seeking submissions in relation to the Applicants’ request for interim authorisation by 16 August 2021, and in relation to the request for substantive authorisation by 30 August 2021

A timetable is also set out below for your information.

Indicative date

Stage in assessment process

29 July 2021

Lodgement of application and supporting submission.

2 August 2021

Public consultation process begins.

16 August 2021

Closing date for submissions on - interim authorisation.

30 August 2021

Closing date for submissions on substantive-authorisation.

August/September 2021

Applicant responds to issues raised in the public consultation process.

August 2021

ACCC decision regarding interim authorisation.

September/October 2021

Draft determination.

September – October  2021

Public consultation on draft determination including any conference if called.

November 2021

Final determination.

Applicant(s)

  • Central Petroleum Limited
  • Central Petroleum Mereenie Pty Ltd as trustee for the Central Petroleum Mereenie Unit Trust
  • Macquarie Mereenie Pty Ltd

Authorisation number(s)

  • AA1000564-1

Applications

Document title Date