“These LNG producers can create significant volatility in domestic gas markets when they go offline for maintenance. The condition allows all market participants to know when maintenance is going to be occurring and to make sure they aren’t exposed to unnecessary risk,” ACCC Chairman Rod Sims said.
“Coordinating maintenance schedules at these facilities will reduce the potential for costly delays and allow the LNG producers more efficiently to manage the large quantities of natural gas that flow to their facilities,” he added.
As part of its current east coast gas markets review, the Australian Energy Market Commission (AEMC) has released a draft recommendation that the LNG producers be required to publish two-year forecasts of their facilities’ capacity and gas demand, including any scheduled downtimes. Some market participants requested the ACCC impose these requirements on the LNG producers as part of the condition of authorisation.