Brief: Australia's ACCC Grants Interim Authorisation To Odin Joint Venture For Marketing Gas

Vintage Energy

16/02/2023 07:11

Feb 16 (Reuters) - Australian Competition & Consumer
Commission (ACCC):
    * GRANTED INTERIM AUTHORISATION TO ODIN JOINT VENTURE FOR
MARKETING GAS
    * AUTHORISATION WILL ENABLE THE PARTIES TO JOINTLY MARKET
GAS
PRODUCED FROM THE ODIN FIELD FOR 5 YEARS
    * ISSUED DRAFT DETERMINATION PROPOSING TO GRANT FINAL
AUTHORISATION TO ARRANGEMENTS AND IS INVITING SUBMISSIONS IN
RESPONSE
    * PROPOSED JOINT MARKETING ARRANGEMENT UNLIKELY TO ADVERSELY
AFFECT COMPETITION
    * PARTIES ABLE TO ENTER GAS SUPPLY DEAL WITH CUSTOMERS ON
COMMON
TERMS CONDITIONS, GAS SUPPLY AGREEMENTS MAY BE FOR A TERM OF UP
TO 15 YEARS
    * GRANTS INTERIM AUTHORISATION FOR VINTAGE ENERGY, METGASCO
AND
BRIDGEPORT (COOPER BASIN) PTY TO ENTER JOINT GAS MARKETING
ARRANGEMENTS

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