Gas inquiry 2017-2025

LNG netback price series review18 March 2021

The ACCC is undertaking a review of the LNG netback price series as part of the ongoing inquiry into the east coast gas market.

In 2020, the Australian Government announced that the ACCC will undertake a review of the LNG netback price series. The announcement was made as part of a broader range of government announced measures that seek to increase gas supply, increase efficiencies in gas transportation, and improve the negotiating power of gas consumers in the east coast gas market.

The ACCC also considers that it is appropriate to undertake a public review of the LNG netback price series in 2021, in part reflecting significant changes in LNG markets due to growing supply, increased trade in LNG spot markets and findings from the ACCC’s review of pricing strategy documents obtained from east coast gas suppliers outlined in the January 2021 interim report.

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