I’ve been wading through the Australian Competition & Consumer...

I’ve been wading through the Australian Competition & Consumer Commission Gas Inquiry 2017-2020 published in December 2017.

A long document but contained therein are a number of interesting points including: ‘Following the ACCC’s investigation into the conduct of those retailers, we have observed that those retailers are now making spare capacity available on those pipelines for use by other market participants. This has resulted in more competitive outcomes by giving gas users a greater choice for sourcing gas supply.’

Clearly the timing is right for us to hook up into existing pipeline infrastructure and bring gas to market within the next couple of years – but the big question remains: If you were a existing producer - would you want a competitor to bring gas to market in a quantity that could satisfy the equivalent of five times Queensland’s entire domestic demand?

Existing producers have to secure their markets share and to achieve this they need to ensure they have enough gas to feed the market's future needs and the less the competition the more they can control the price.

COI is ripe for a T/O having nailed the resources at Mahalo.