A major package of reforms to natural gas pipeline regulation has been agreed by Energy Ministers.
Benefits of the reforms are expected to include:
- reduced costs of transportation and delivered gas
- improved access to pipelines
- more competition in the gas market
- streamlined governance arrangements
- improved greenfield exemption to incentivise investment in new projects.
- assistance in recovery from the COVID-19 recession.
The net value of the reforms is estimated in excess of $1 billion over a 20-year period.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said these reforms will increase price transparency and make it easier to do business.
‘The natural gas transported through those pipelines is a critical enabler of Australia’s economy and helps to support our manufacturing sector that employs over 900,000 Australians,’ the Minister said.
‘This package of reforms will see real price information, standard terms and service availability of pipelines being publicly disclosed. This transparency will empower users, improve competition and help to drive down prices.’
See the Energy Ministers’ Options to improve gas pipeline regulation Decision Regulation Impact Statement and the Ministers’ media release.