EUAA Submission: ACCC Netback Price Review
Emily Wood | August 3, 2021
‘….In our earlier submission on this matter and subsequent discussions with the ACCC, we argued in particular for the ACCC to examine:
- the LNG producer netback calculation from the perspective of the buyer, not the seller, and
- the relevance of their proposed methodology to gas producers which are not LNG producers and which provide 60% of the domestic east coast gas demand.
This submission focusses on the second. We see two categories of non-LNG producers:
- Those that have a real option of selling domestically or selling to an LNG producer, and
- Those that do not have the option of exporting LNG either because of their location or business situation or because they operate leases under the Queensland Government’s Australian Market Supply Condition…’