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| Year | Emissions | Baseline | Gap | ACCUs | SMCs | Compliance |
|---|---|---|---|---|---|---|
| 24–25 | 170 kt | 165 kt | +5 kt | — | 4,545 | SMC buyer |
Multinet Principal Distribution Network and South Gippsland Pipeline is a gas supply facility operated by MULTINET GAS (DB NO. 2) PTY LTD in VIC. Like all covered facilities, industrial operations generate significant emissions. Under Australia's Safeguard Mechanism, Multinet Principal Distribution Network and South Gippsland Pipeline must keep its annual emissions below a stepping-down baseline — or purchase carbon credits to cover any overage.
In 2023–24, Multinet Principal Distribution Network and South Gippsland Pipeline reported emissions of 170 kt against a baseline obligation of 165 kt — an overage of 5 kt. The facility covered the overage using 4,545 Safeguard Mechanism Credits (SMCs) — credits generated by other covered facilities that came in under their own baselines.
Across the gas supply sector, 3 of 5 covered facilities reported emissions above their baseline in 2023–24. The table below compares Multinet Principal Distribution Network and South Gippsland Pipeline with other gas supply facilities covered by the Safeguard Mechanism.
| Facility | Operator | State | Emissions | vs Baseline | Compliance |
|---|---|---|---|---|---|
| Multinet Principal Distribution Network and South Gippsland Pipeline | MULTINET GAS (DB NO. 2) PTY LTD | VIC | 170 kt | +5 kt | SMC buyer |
| JGN | Jemena Gas Networks (NSW) Ltd | NSW | 341 kt | +785 t | ACCU buyer |
| AusNet Gas Services Pty Ltd | AusNet Services Holdings Pty Ltd | VIC | 188 kt | +637 t | ACCU buyer |
| Australian Gas Networks (Vic) Pty Ltd | Australian Gas Networks Holding Pty Ltd | VIC | 112 kt | -7 kt | Under baseline |
| EGP | Jemena Eastern Gas Pipeline (1) Pty Ltd | NSW; VIC | 80 kt | -20 kt | Under baseline |