Central and Macquarie propose to jointly market gas produced from the Mereenie field and give effect to gas supply agreements with customers with common terms and conditions including price.
The companies have applied for authorisation through the ACCC because without it, the joint marketing arrangement would likely breach competition laws.
The ACCC’s draft determination is subject to the following conditions:
- A three year time limit (in which gas supply agreements can be collectively negotiated)
- A time limit of 31 December 2028 on the term of gas supply agreement that are collectively negotiated.