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.
Issues paper
On 18 March 2021, the ACCC released an issues paper as part of its review of the LNG netback price series.
Submissions to the issues paper were due on 12 April 2021.
| Document title | Published date |
|---|---|
| LNG netback price series review - Issues paper ( PDF 763.11 KB ) | 18 March 2021 |
Submissions to the issues paper
Draft decision paper
On 1 July 2021, the ACCC released its draft decision paper on the LNG netback price series review.
The ACCC announced that it was seeking feedback on the draft decision paper and the Wood Mackenzie preliminary report. Information on how to provide a submission is contained in the draft decision paper.
Submissions to the draft decision paper were due on 30 July 2021.
| Document title | Published date |
|---|---|
| LNG netback price series review - Draft decision paper ( PDF 1.74 MB ) | 1 July 2021 |
| Wood Mackenzie preliminary report to the ACCC - June 2021 ( PDF 1.49 MB ) | 1 July 2021 |
Submissions to the draft decision paper
Final decision paper
On 30 September 2021, the ACCC announced that it had finalised the LNG netback price series review. The final decision paper and Wood Mackenzie final report have been published.
The ACCC will consult with stakeholders to implement its final decision.
| Document title | Published date |
|---|---|
| LNG netback review - Final decision paper ( PDF 974.93 KB ) | 30 September 2021 |
| Wood Mackenzie final report to the ACCC - September 2021 ( PDF 1.49 MB ) | 30 September 2021 |