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.
The ACCC will publish additional and more relevant information about pricing in the east coast gas market to help improve the negotiating power of commercial and industrial (C&I) gas users seeking longer-term supply contracts, in a decision announced today.
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.
The ACCC proposes to further increase transparency in Australia’s east coast gas market by including longer-term prices in its widely-followed Liquefied Natural Gas (LNG) netback price series, under a draft decision released today.
The ACCC publishes LNG netback prices to add transparency to the gas market, and is currently reviewing the price series as part of its ongoing gas market inquiry.
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.