On 19 April 2017, the Australian Government directed the ACCC to conduct a wide-ranging inquiry into the supply of and demand for natural gas in Australia, and to publish regular information on the supply and pricing of gas for the next 3 years.
On 25 July 2019, the Treasurer wrote to the ACCC extending the inquiry until December 2025.
Scope of inquiry
The inquiry will monitor and consider matters including:
- the pricing and availability of offers to supply gas
- the volumes of gas supplied or available for current or future supply, including natural gas extracted or produced in Australia, or imported into Australia
- the pricing, volume and availability of gas for domestic supply compared to the pricing, volume and availability of gas for export
- the pricing, volume and availability of other goods or services, such as goods or services for drilling, storing or processing gas, that enable, assist or facilitate the supply of gas or gas transportation services in Australia.
The ACCC will also work with Dr. Michael Vertigan to recommend longer term transparency measures. The scope of this work will cover the full supply chain, including producers, transporters and retailers.
Providing information to the inquiry
Companies that would like to share their recent experience in the gas market, or broader concerns about the gas industry, can email the ACCC at email@example.com.
Interim gas report finds substantial shortfall for east coast likely in 2018 - 25 September 2017
Some improvements in gas market, but prices still too high - 12 December 2017
More transparency on gas pricing - 27 April 2018
Publication of gas export parity prices to improve transparency - 2 October 2018
Investment required for lower priced gas - 18 December 2018
East coast gas prices need to follow export prices down - 30 May 2019
East coast gas market still tight - 22 August 2019
East coast gas prices appear too high and future supply is uncertain - 18 February 2020
Domestic gas users paying too much - 17 August 2020
Gas prices improve for customers but lower prices may not last - 16 February 2021