PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 175E
Suspension of application of, or exemption from, Australian market supply condition
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 175E
Suspension of application of, or exemption from, Australian market supply condition
175E Suspension of application of, or exemption from, Australian market supply
condition
(1) The holder of a petroleum tenure for PGPLR land may apply to
the Minister for a suspension, for a stated period, of the application of the
Australian market supply condition to the land if—
(a) market analysis
indicates that, during the stated period, sufficient gas may be produced from
existing and proposed petroleum tenures in the State to supply both the
Australian market and export demand; or
(b) the holder has taken all
reasonable steps to supply the gas produced from the PGPLR land to the
Australian market but it is not commercially viable to do so.
(2) An entity
to which gas produced from PGPLR land is supplied may apply to the chief
executive for an exemption, for a stated period, from section 175C(3) in
relation to the land if—
(a) market analysis indicates that, during the
stated period, sufficient gas may be produced from existing and proposed
petroleum tenures in the State to supply both the Australian market and export
demand; or
(b) the entity has taken all reasonable steps to supply the gas
produced from the PGPLR land to the Australian market but it is not
commercially viable to do so.
