ACCC authorises gas marketing joint venture
The ACCC has granted interim authorisation for Vintage Energy Ltd, Metgasco Ltd and Bridgeport (Cooper Basin) Pty Ltd to enter into joint marketing arrangements. All are joint venture partners at the Vali gas field located in the Queensland Cooper/Eromanga Basin.
Commissioner Stephen Ridgeway said:
“The ACCC considers interim authorisation will provide investment certainty for the parties to expedite development of the Vali field and bring this new gas supply to the market sooner,” ACCC Commissioner Stephen Ridgeway said.
“Given the small amount of gas to be jointly marketed, the proposed joint marketing arrangements are unlikely to adversely affect competition. Any long-term gas supply agreements entered into with customers are conditional on the ACCC’s final determination.”
View ACCC media release