Santos faces a $2.75m fine for 4,701 record-keeping breaches at gas auction facilities from 2019-2021.
Gas giant Santos faces a $2.75m fine from the Federal Court for 4,701 record-keeping breaches between March 2019 and June 2021. Santos admitted to not keeping required records for its material renominations at six gas auction facilities during the Day Ahead Auction, which began in 2019 and aims to improve competition in the gas market. The Australian Energy Regulator emphasizes the importance of accurate record-keeping for gas market participants.
June 04, 2024
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