We strongly support this review and provided a submission which highlighted the current domestic industrial gas market failure, its threat to the Future Made in Australia Plan and recommended a range of solutions that we believe can address this failure.

Notwithstanding decades of innovation and structural reform, the East Coast gas market is failing industrial customers. Despite falling domestic demand, real delivered gas prices have steadily increased. This has occurred alongside growing concentration in upstream reserves ownership, limited spare transmission capacity (with surplus capacity often removed from the market) and a contraction in retail-level competition due to increased market concentration.

The consequences of the market failure have been material: the closure of gas-reliant industrial and manufacturing facilities, a decline in Australia’s industrial capacity, and increasing stress on domestic supply chain resilience. This trajectory runs counter to the objectives of the Australian Government’s Future Made in Australia plan, which seeks to rebuild sovereign capability and strengthen the nation’s industrial foundations. Solving the gas market failure is also essential to ensuring an efficient NEM, a linkage EMX Energy has highlighted in its submission to the Nelson NEM review (a future blog post topic).

The key points of our submission were:

The Gas Market is failing, causes of which include:

• Policy Induced Supply Constraints
• LNG Producer Behaviour and Domestic Supply Erosion
• Fixed, Capacity-Based Contracting Structures
• Transmission Access and Long-Term Capacity Locking
• Concentration of Reserves and Processing Access

Policy actions to address this failure should:

• Restrict LNG Producer Access to Domestic Gas
• Mandatory Domestic Supply Obligation for LNG Exporters
• Mandate Transparent Trading at GSHs
• Reform access to Gas Processing Facilities
• Reform Pipeline Regulatory Frameworks
• Expand Capacity Trading Rules
• Implement Centralised Transmission Operation I
• Accelerate Market-Connected Storage Infrastructure A
• Monitor and Enforce Retail Market Competition

We look forward to continuing our engagement on this critical review and strongly advocating for the policy changes necessary to ensure that the gas market failure is addressed such that it recognizes, and actually supports, its key stakeholders – the industrial customer!

The purpose of the website is to provide information about the activities of EMXEnergy, an access portal for suppliers, clients and staff and to provide resources.

EMXEnergy is an energy markets business focused on the future. It was founded in 2025. The team has over 40 years of experience and in this time we have seen it all. We have worked through booms, busts, peaks, troughs, revolutions, fads, visionaries, charlatans and the list goes on. We are able to leverage our experiences, knowledge and skills.

We have a proven track record of success. We are pretty good at understanding what will work and calling out what wont work and we acknowledge we wont always be right. We are quiet achievers who let our results speak for themselves.

We are committed to investing in our people and having the right corporate culture that supports high performing and results orientated teamwork. We strive to promote a workplace with trust and respect for the individual, in which diversity is valued and where everyone is able to reach their full potential.

The purpose of the website is to provide information about the activities of EMXCapital, an access portal for suppliers, clients and staff and to provide resources.

EMXCapital is an investment company focused on the future. It was founded in 1994. The team has over 40 years of experience and in this time we have seen it all. We have worked through booms, busts, peaks, troughs, revolutions, fads, visionaries, charlatans and the list goes on. We are able to leverage our experiences, knowledge and skills.

We have a proven track record of success. We are pretty good at understanding what will work and calling out what wont work and we acknowledge we wont always be right. We are quiet achievers who let our results speak for themselves.

We are committed to investing in our people and having the right corporate culture that supports high performing and results orientated teamwork. We strive to promote a workplace with trust and respect for the individual, in which diversity is valued and where everyone is able to reach their full potential.