• About
  • Advertise
  • Subscribe
  • Contact
  • Events
Saturday, July 19, 2025
Newsletter
SUBSCRIBE
  • News
    • Events
  • Features
  • Electricity
  • Gas
  • Renewables
    • Batteries & Storage
    • Hydro Power
    • Hydrogen
    • Solar
    • Wind
  • Smart Energy
No Results
View All Results
  • News
    • Events
  • Features
  • Electricity
  • Gas
  • Renewables
    • Batteries & Storage
    • Hydro Power
    • Hydrogen
    • Solar
    • Wind
  • Smart Energy
No Results
View All Results
Home Gas

Gas Code design completed

by Kody Cook
June 16, 2023
in Gas, News, Policy, Spotlight
Reading Time: 3 mins read
A A
A graphic of a graph with an oil rig silhouette in the background.
Share on FacebookShare on Twitter

The Federal Government has completed the design of the Mandatory Gas Code of Conduct (Gas Code), which will ensure Australian gas is available for Australian users at reasonable prices. 

The Gas Code was completed following close engagement with gas users and producers, and will give producers the certainty they need to invest in supply, and ensure LNG producers meet their export commitments. 

Producers have already offered indicative domestic supply commitments under the new framework of at least 260PJ to 2027. These indicative commitments will reduce the risk of shortfalls as assessed by the Australian Competition and Consumer Commission (ACCC) and Australian Energy Market Operator (AEMO). 

The final design of the Gas Code places a greater emphasis on: 

  • Securing additional domestic supply commitments in the short term to anchor prices at $12/GJ and shield east coast gas consumers from volatile international gas prices
  • Facilitating certainty for investment in new supply to avoid projected shortfalls and sustain reasonable domestic gas prices over the medium term

The full Gas Code will be released in coming weeks once legal drafting has been completed and the Federal Executive Council has ratified the instrument. 

It will ensure domestic prices are reasonable by establishing a price anchor, a mechanism to drag prices down – through the combination of:

  • A price cap, which is to be set at $12/GJ (with a review commencing by 1 July 2025)
  • A process for qualifying for exemptions from the price cap on the basis of making satisfactory ACCC and court enforceable supply commitments to the domestic market
  • Allowing small producers of gas to be exempt from the price cap if they supply only the domestic market 

In addition, it requires all participants to abide by standards of conduct to level the playing field in contract negotiations between users and producers and deliver a better functioning, more competitive gas market. 

This is in contrast to the former Liberal National approach on gas and energy policy which saw average gas prices increasing by 250 per cent between the 2019 and 2022 elections, and persistent supply shortfalls forecast by the ACCC. 

The Gas Code is supported by a strong enforcement regime delivered by the ACCC, with a review to be undertaken no later than two years after coming into effect, to ensure the Gas Code remains effective and fit for purpose. 

The Federal Government took immediate action to shield Australian gas users from skyrocketing prices by temporarily capping the price of gas in December 2022. 

Coupled with price caps on coal for power generators, the Government’s actions nearly halved wholesale energy prices. 

The Gas Code will deliver Australian gas at reasonable prices for Australian families and industry, and provide certainty for our valued trading partners.

Related Posts

NEAC director, Stephen Craig with a Living Lab participant. Image: CSIRO

CSIRO opens energy transition analysis centre

by Katie Livingston
July 17, 2025

Australia’s national science agency, CSIRO, has launched vital new research infrastructure to support, accelerate and de-risk Australia’s complex energy transition.  ...

Image: Engineers Australia Chief Engineer, Katherine Richards. Image: Engineers Australia 

CSE25: Where engineering meeting impact

by Katie Livingston
July 15, 2025

Climate change is no longer a threat; it’s a baseline consideration in many engineering decisions.   From transport systems and...

Image: Habibur/stock.adobe.com

Navigating the energy trilemma

by Katie Livingston
July 15, 2025

As the sector reflects on the recent Australia Energy Week conference, several key themes and trends echoed those seen internationally....

Read our magazine

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Energy is a thought-leading, technology-neutral magazine, developed to help the industry answer some of the Energy sector critical questions it is currently grappling with.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Energy

  • About
  • Advertise
  • Subscribe
  • Events
  • Contact
  • Digital Magazine
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Spotlight
  • Renewable Energy
  • Electricity
  • Projects
  • Networks
  • Sustainability
  • Gas

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
    • Events
  • Features
  • Electricity
  • Gas
  • Renewables
    • Batteries & Storage
    • Hydro Power
    • Hydrogen
    • Solar
    • Wind
  • Smart Energy
  • About
  • Advertise
  • Subscribe
  • Contact
  • Events
  • Newsletter

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited