The Australian Competition and Consumer Commission (ACCC) announced today that it had granted an interim authorisation to Central Petroleum and Macquarie Mereenie to begin negotiations for a joint supply arrangement for gas from the Mereenie field, located in the Amadeus Basin in the Northern Territory. The ACCC stated that it had reached the preliminary view that the joint marketing is likely to encourage investment to increase gas production at Mereenie.
Frontier Economics advised the applicants for the authorisation.