Deal This Week?, page-52

First 52 Last

Share
Profile

Follow
Kipper01

8,228 Posts.

674

14/12/17

12:18

Post #: 29627138
Share

Originally posted by el tigre ↑

Mr Sims said the next major focus for the ACCC is reducing the impact of Australia’s pipeline monopoly.
“We want to regulate the pipeline monopoly,” Mr Sims told Fairfax Media. “We can’t break up it as the situation is what it is, but there are actions we can take.” The majority of Australia's gas pipelines are owned by three companies, APA Group, Jemena, and Australian Gas Networks. Mr Sims said the ACCC will first ensure pipeline owners cannot stop others from accessing gas pipelines. Secondly, in terms of pricing, Mr Sims said there will now be an arbitration system put in place where issues over access exist.
“This means when contracts expire companies can seek arbitration.” He said these actions will have a direct impact on gas prices and better results for gas users. “In two to three years pipeline prices will come down, and we’ll see lower flow-on prices in Victoria and NSW,” Mr Sims said.

This could have more to do with the sell off then the expected gas supply news. BUL's main play at the moment is the APA pipeline. If anything comes out of this ACCC 'focus' on gas pipelines practices then it may add uncertainty about building our new one.

Expand

At the AGM however it was stated a deal is not dependant on the pipeline being built...

BUL Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

PR1

Nanocap Pure Resources acquires Reedy Creek garnet project, WA

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

PRS

Prospech finds dynamite heavy REE grades from historic core in Finland