Resources Minister Madeleine King has announced a review of gas market regulations aimed at driving efficiencies in the system. The existing policy has ensured the availability of 600 petajoules of gas. The review will focus on making the system more coherent, reducing duplication in regulation and reporting, and improving the experience for consumers, industrial users, and the gas industry. This is expected to help with pricing. King acknowledged that the toll situation would worsen before improving, due to the infrastructure pipeline set by the previous government. The NSW Budget reflects this, with toll revenue projected to increase from $180m to $283m in the 2028-29 financial year. The review has the support of the industry, which is working to make the system more efficient. The goal is to learn from the system and make it work better for all parties involved. King emphasized the need to make the system more coherent and efficient. The review is expected to have a positive impact on the gas market and pricing.
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