This is the third 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.
This report covers three topics:
- an update on gas prices, which confirms the recent fall in gas commodity price offers for 2018 and 2019 and that prices struck under gas supply agreements (GSAs) remain generally higher in the Southern States than in Queensland
- our decision to publish on our website an LNG netback price series to improve gas price transparency and assist commercial and industrial (C&I) users in negotiating for gas supply
- our assessment of new reporting in relation to transportation services for non-scheme pipelines, which questions whether early information on standing offers and standing price methodologies is adequately addressing the objective of reducing information asymmetry between pipeline operators and users of pipeline services.