Gas Industry Co has reviewed and consulted stakeholders on many aspects of gas transmission. The details of previous work can be found under <Background>. This work led to a number of improved arrangements, particularly relating to pipeline balancing, the assessment and reporting of system capacity and supply/demand forecasting. However, some issues have proved difficult to resolve, in part because the two transmission systems – the Maui pipeline and Vector system – were owned by different companies who often held conflicting views on key issues.
On 20 April 2016 Vector Gas Limited – owner of the Vector transmission system – was acquired by First State Funds, two infrastructure funds managed by First State Investments, known in Australia as Colonial First State Global Asset Management. Vector Gas Limited was renamed First Gas Limited (First Gas). Then, on 15 June 2016, First Gas purchased the Maui pipeline from Shell, Todd and OMV (collectively known as the Maui Mining Companies). As the single owner, First Gas, now wishes to converge the operations of the Maui and Vector pipelines, including the transmission access regimes. (More details are available from the First Gas website.)