114Minister may direct licence holder to store greenhouse gas substance

114 Minister may direct licence holder to store greenhouse gas substance

(1) If a licence holder fails to enter an agreement under section 113, the person seeking that agreement (the applicant) may apply in writing to the Minister for a direction under subsection (2).

(2) The Minister may direct the holder of a greenhouse gas injection and monitoring licence to inject and permanently store a greenhouse gas substance in an underground geological storage formation in the licence area if the Minister is satisfied that—

(a) the underground geological storage formation has the capacity to store the greenhouse gas substance owned by the applicant; and

(b) the composition of the greenhouse gas substance owned by the applicant is geologically suitable for injection and permanent storage in the underground geological storage formation; and

(c) injecting the applicant's greenhouse gas substance will not significantly interfere with the activities of the licence holder being carried out under the licence; and

(d) the injection and permanent storage of the applicant's greenhouse gas substance in the underground geological storage formation is in the public interest.

(3) The Minister must consult with the licence holder before giving a direction under subsection (2).