Some progress on implementing Finkel Blueprint but gas supply roadblocks remain

WHO SHOULD READ THIS

• All energy and gas market participants including generators, retailers, financiers and service providers, together with gas users, producers and explorers.

The final report of the independent review into the future security of the National Electricity Market (NEM) led by Dr Alan Finkel AO – the Blueprint for the Future – was released on 9 June 2017. See our previous alert ' Blueprint for future energy security and transition to cleaner energy mix'.

The Council of Australian Governments (COAG) Energy Council comprising Commonwealth, State and Territory Energy Ministers met on 14 July 2017 and agreed a series of actions in response to the Finkel Blueprint. Ministers reaffirmed their priority for secure, reliable and affordable energy for all Australians while reducing emissions. There was substantive agreement on progressing 49 of the 50 Blueprint recommendations but the Commonwealth made it clear they were not in a position to discuss