Part 1Gas Importation and Storage
Chapter 3Storage of carbon dioxide
Termination of the licence
I131Termination of licence: regulations
1
The licensing authority may by regulations make provision—
a
about the circumstances in which a licence may be terminated;
b
imposing obligations on the licensing authority in respect of a carbon storage facility on or after the termination of a licence relating to the facility.
2
Regulations under this section may, in particular, make provision about financial arrangements to be made in relation to a closed carbon storage facility on or after the termination of a licence relating to the facility.
3
A licence has effect subject to any regulations under this section.
F23A
Where the licensing authority is the OGA—
a
regulations under this section are to be made by the Secretary of State (and not by the OGA), and
b
the Secretary of State must consult the OGA before making the regulations.
F14
In subsection (1) “licensing authority” does not include the Welsh Ministers or the Department of Enterprise, Trade and Investment in Northern Ireland.