Gas inquiry July 2022 interim report

This is the thirteenth interim report of the Australian Competition and Consumer Commission’s (ACCC) inquiry into gas supply arrangements in Australia. The ACCC has continued its focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

August 2022 update

In August a paragraph on pages 9 and 10 of the report was corrected to reflect that 22 additional or spot cargoes were sold between 12 August 2021 and 16 February 2022, rather than the 24 included in the first publication of the interim report, and to correct related volumes. The corrected paragraph now reads:

“Between 12 August 2021 and 16 February 2022 LNG exporters sold 22 additional or spot cargoes for a total of 81 PJ. In this time, they contracted to supply the domestic market 23.5 PJ on a short term basis, however 8 PJ of this was contracted to other LNG exporters. Over this period, LNG exporters did not contract any gas for domestic supply with a term length of 1 year or greater.”