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.
We welcome all interested parties to make a submission in response to the issues paper.
Responses are due by 12 April 2021.
| Document title | Published date |
|---|---|
| LNG netback price series review - Issues paper ( PDF 763.11 KB ) | 18 March 2021 |