Energy

Investment required for lower priced gas

Gas users’ longer-term concerns about prices in the east coast gas market could be alleviated if there is timely investment in gas development and key infrastructure, according to the Gas Inquiry 2017-20 Interim Report released by the ACCC today.

Suppliers expect to produce sufficient gas in the east coast to meet the expected demand in 2019, but domestic prices remain too high for many gas users.

Gas inquiry December 2018 interim report

This is the fifth interim report of the Australian Competition and Consumer Commission’s (ACCC) inquiry into gas supply arrangements in Australia.

East coast gas market conditions have eased, but more gas required to lower prices

While conditions in the east coast gas market have eased considerably since the extremes reported in 2017, only action by governments and the gas industry to increase domestic gas supply can bring material price reductions into the future, according to the July 2018 Gas Inquiry Interim Report released by the ACCC today.

Based on current projections for the supply-demand balance, there will likely be sufficient gas in 2019 to meet demand.

Gas inquiry July 2018 interim report

This is the fourth interim report of the Australian Competition and Consumer Commission’s (ACCC) inquiry into gas supply arrangements in Australia. The ACCC has continued its focus on the operation of the East Coast Gas Market, where there are immediate and longer-term concerns.

July 2018 interim report

On 2 August 2018, the ACCC released its fourth interim report as part of its inquiry into Australia’s wholesale 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.