ACCC - Gas reservation

Question

1. Has the Government modelled the risk that a reservation scheme reduces upstream investment and therefore worsens supply tightness over time? 2. The consultation paper (pg13) acknowledges stakeholders warned that regulatory uncertainty can ''mute contracting and investment''. What assessment has the Government done of the impact of this scheme on final investment decisions for new gas projects? 3. The gas reservation scheme will commence 1 July 2027 - is the market expected to be adequately supplied under existing policies as at 1 July 2027 and is there data relating to this? 4. Are spot prices in the east coast gas market lower than average, and below the international LNG price? Can a data set or table be provided in relation to this? 5. The Budget papers show the government is allocating $35.5 million over 4 years for the gas reservation policy to the Department of Industry. Specifically, $30.6 million over four years for 'the Domestic Gas Reservation Mechanism, gas market analysis and policy development to support market reliability', is this something the ACCC expects to contribute to? 6. Does the ACCC do policy development and gas market analysis work? 7. Will this work continue at the ACCC or is there some transfer of ownership for this policy? 8. How is the ACCC's work different to the work DISR would likely be undertaking here? 9. Will the ACCC contribute to this work? 10. Is there a taskforce across departments to do this work so there is no duplication