Energy

Mereenie gas joint marketing to be allowed under ACCC draft determination

The ACCC has issued a draft determination to allow joint marketing arrangements for natural gas produced from the Northern Territory’s Mereenie gas field. The Mereenie oil and gas field is located in the Amadeus Basin, approximately 250 km west of Alice Springs.

Central Petroleum, Macquarie Mereenie, New Zealand Oil and Gas and Cue Energy are currently the joint venture partners in the field.

Looming gas supply shortfall for east coast market

A supply shortfall in Australia’s east coast gas market is increasingly likely, especially in the southern states, the ACCC’s latest gas report reveals.

The report, released today, reveals a finely balanced supply outlook for 2022. A shortfall of 2 PJ could arise across the entire east coast gas market next year, driven by a shortfall of up to 6 PJ in the southern states, if LNG producers export all of their surplus gas.

July 2021 interim report

On 17 August 2021, the ACCC released its eleventh interim report as part of its inquiry into Australia’s gas supply arrangements. The report continues the ACCC's focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

Rectification schedule - consumer data sharing obligations

Obligations under the Competition and Consumer (Consumer Data Right) Rules 2020 in relation to phase 1 consumer data sharing commenced on 1 July 2021 for non-major data holders and non-primary brands of major data holders. Obligations for major data holders commenced on 1 July 2020. The CDR Register of data holders currently ready to share data using the Consumer Data Right (CDR) is available at cdr.gov.au/find-a-provider

Proposal to reauthorise QLD LNG producers to coordinate gas plant maintenance

The ACCC is proposing to reauthorise Australia Pacific LNG Pty Ltd, Gladstone LNG, and the Queensland Curtis LNG Project to discuss and coordinate their maintenance schedules, maintenance providers, and maintenance techniques for another five years.

The proposed reauthorisation would mean that all three applicants can coordinate when and how maintenance of their gas plants occur, and when their facilities will be taken offline. The ACCC is now consulting on the draft determination.