4 December 2023
ANALYSIS: Break-up of GBJV won’t alter Australian gas market fundamentals
Publication date: 18 December 2017
Gas Strategies Group
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ISSN: 0964-8496
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The decision by ExxonMobil and BHP to stop jointly marketing gas from the Gippsland Basin Joint Venture (GBJV) is a public relations victory for Australia’s competition watchdog (ACCC), which called for the break-up in a bid to lower spiralling retail gas prices in southern states.
The partners pledged to no longer jointly negotiate or sign gas sales agreements from 1 January 2019, nor discuss with each other the price and ...