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ARTICLE · 20 NOVEMBER 2025

Gas Market Review Consultation

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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In this paper, we have summarised the key themes arising from public submissions on the Gas Market Review. We have not mentioned each individual submission or all content exhaustively.

GlobalEnergy and Natural Resources

The Gas Market Review Consultation reflects widespread consensus amongst stakeholders that current instruments – the Code, ADGSM and HoA – have failed to deliver gas supply certainty, affordability, or investment confidence. While consensus exists on the need for reform, views diverge on the design and implementation of that reform, particularly the balance between domestic supply security and market efficiency.

In this paper, we have summarised the key themes arising from public submissions on the Gas Market Review. We have not mentioned each individual submission or all content exhaustively. Rather, this paper distils the main areas of alignment and divergence across key stakeholder submissions.

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