Energy

Recognising Australia's east coast gas crisis

ACCC Chairman Rod Sims said events following the ACCC’s April 2016 Inquiry into the east coast gas market have confirmed the Commission’s worst fears.

Speaking in Sydney today at the 5th Annual Australia Domestic Gas Outlook Conference 2017, Mr Sims said, “One year ago at this conference I warned of “…an urgent need for both new and importantly more diverse sources of gas supply into the domestic market.”

“The outlook for gas supply is now even worse than it was a year ago; indeed, our worst fears are being realised,” Mr Sims said.

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ACCC Chairman says Northern Territory gas has potential for East Coast market

The Northern Territory has an opportunity to play a significant role in the east coast gas market, ACCC Chairman Rod Sims said at the South East Asia Australia Offshore & Onshore Conference in Darwin today.

“However, for the Northern Territory to realise its potential in the east coast gas market it is imperative we have some onshore gas development. We also need to avoid pipeline charges making the cost of transporting the gas to the east coast prohibitive,” Mr Sims said.