Sims: gas producers have power to provide market relief

Source: Gas Today

14 Mar 19

Australian Competition and Consumer Commission (ACCC) Chair Rod Sims has blasted gas producers, saying they haven’t done enough to secure Australia’s gas supply.

Speaking at the Australian Domestic Gas Outlook Conference, Mr Sims said after the ACCC began investigating, the market producers had complained about government intervention to divert gas back from exportation to domestic supply.

“The market was clearly, by any definition, dysfunctional,” said Mr Sims.

“In my strong view they [the gas industry] brought it on themselves.

“I have absolutely no sympathy for them, they should have been paying more attention to what was going on in the market.

“Some of the comments I got were ‘we didn’t know the market was short’. Give me a break.”

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