Consultation Paper - Mandatory code of conduct for east coast...

Consultation Paper - Mandatory code of conduct for east coast gas market.
My read is Vali and Odin gas will be exempt, as expected. I'm keen to see what the Odin JVP can negotiate for Odin gas $? / GJ

Link to Paper
Report template (storage.googleapis.com)

• Small producer = 100PJ per annum (94BCF)

>>>>>>>>>>>>>>>>>>>>>>>>>>
4.1.2.2 Automatic exemptions
Small gas producers, defined as those who produced less than 100PJ of gas in the financial year
preceding the commencement of the Code, would be deemed to be automatically exempt from the
price cap if they also provide gas exclusively to the domestic market. This is because such supply
contributions automatically support the reasonable pricing dynamics in the domestic market by
increasing competition and market diversity>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
5.1 Implementation timing and transitional
arrangements
It is proposed the Mandatory Code will come into force in early June 2023. This includes:
• the conduct provisions governing the interaction between gas producers and buyers in relation
to negotiations that commence after the Code commences;
• the automatic exemption for small gas producers providing all of their gas to the domestic
market; and
• the opportunity for large gas producers and producers that sell to LNG exporters to seek a
voluntary conditional exemption from the price obligations on the basis that they comply with
conditions that reflect commitment

Automatic exemptions would apply immediately, but as outlined above would require small producers to register with the ACCC.

Kind regards OldGeo

94781712031