ACCC grants authorisation to jointly market NT gas

Following an interim authorisation granted on 2 March 2018, the Australian Competition and Consumer Commission (ACCC) announced today that it had authorised Central Petroleum and Macquarie Mereenie to jointly market gas from the Mereenie field, located in the Amadeus Basin in the Northern Territory for three years. The two companies are authorised to market gas produced from the Mereenie field under contracts with common terms and conditions, including price. The ACCC stated that the joint marketing is likely to encourage investment to increase gas production at Mereenie.

Frontier Economics advised the applicants for the authorisation.

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