Gas Industry Co has held discussions with industry and wider energy sector participants to understand their perspectives on information disclosure in the gas sector. Several parties expressed concern that, from time-to-time, good information has not been made available to all stakeholders and are calling for higher levels of information disclosure.
On 25 July 2018, the Minister of Energy and Resources Hon Dr Megan Woods wrote to Gas Industry Co requesting that it investigate whether the existing arrangements for industry participants to disclose information that could have an impact on the downstream gas market were adequate. The letter highlighted the recent Pohokura pipeline outage as an example of an occasion where a higher level of information disclosure may have been warranted. The letter from the Minister, and Gas Industry Co’s response are available below.
Recognising the above, a new workstream on information disclosure has been set up. The workstream will consider whether current market arrangements related to information disclosure are sufficient or whether further arrangements are required. An Options Paper on Information Disclosure was released in early March 2019 for consultation. The paper lays out a set of options for the industry to consider.