Brief: Australia's ACCC Issued Determination Allowing Joint Marketing Arrangements Between Four Owners Of Mereenie Gas Field

Central Petroleum

27/01/2022 08:20

Jan 27 (Reuters) - Australian Competition & Consumer
Commission (ACCC): 
    * ISSUED DETERMINATION ALLOWING JOINT MARKETING ARRANGEMENTS
BETWEEN FOUR OWNERS OF MEREENIE GAS FIELD IN NORTHERN TERRITORY
    * AUTHORISATION OF ARRANGEMENTS PERMITS JV PARTICIPANTS TO
JOINTLY
MARKET GAS FROM MEREENIE FIELD UNTIL FEB 2027
    * IN CASE OF MEREENIE GAS, JOINT MARKETING ARRANGEMENTS WILL
LIKELY REDUCE TRANSACTION COSTS & ENCOURAGE INVESTMENT TO
INCREASE GAS PRODUCTION

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 ((Reuters.Briefs@thomsonreuters.com;))