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UK regulatory regime governing Offshore Gas Storage

Date: 01/09/2008
 UK regulatory regime governing Offshore Gas Storage
 
Whilst the Gas Act 1986, Town and Country Planning Act 1990 and other provisions have certain application for onshore gas storage facilities (depending on type), the UK government has acknowledged that the current regulatory framework for the offshore storage of natural gas is unclear and was not intended to cover the range of storage activities now contemplated.

Whilst the Energy Act 2004 extended provisions to cover offshore storage facilities, to address the present lack of clarity the government is implementing a new regulatory regime under the Energy Bill 2008 designed specifically to cover offshore gas storage.

 
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