News: MEL Australia's ACCC Grants Interim Authorisation To Odin Joint Venture For Marketing Gas

Feb 16 (Reuters) - Australian Competition & Consumer Commission (ACCC):

• GRANTED INTERIM AUTHORISATION TO ODIN JOINT VENTURE FOR MARKETING GAS
• AUTHORISATION WILL ENABLE THE PARTIES TO JOINTLY MARKET GAS PRODUCED FROM THE ODIN FIELD FOR 5 YEARS
• ISSUED DRAFT DETERMINATION PROPOSING TO GRANT FINAL AUTHORISATION TO ARRANGEMENTS AND IS INVITING SUBMISSIONS IN RESPONSE
• PROPOSED JOINT MARKETING ARRANGEMENT UNLIKELY TO ADVERSELY AFFECT COMPETITION
• PARTIES ABLE TO ENTER GAS SUPPLY DEAL WITH CUSTOMERS ON COMMON TERMS CONDITIONS, GAS SUPPLY AGREEMENTS MAY BE FOR A TERM OF UP TO 15 YEARS
• GRANTS INTERIM AUTHORISATION FOR VINTAGE ENERGY, METGASCO AND BRIDGEPORT (COOPER BASIN) PTY TO ENTER JOINT GAS MARKETING ARRANGEMENTS

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