337Grant of greenhouse gas holding lease—offer document

337 Grant of greenhouse gas holding lease—offer document

(a) an application for a greenhouse gas holding lease has been made under section 334(2); and

(i) inject a greenhouse gas substance into the identified greenhouse gas storage formation concerned; and

(ii) permanently store the greenhouse gas substance in the identified greenhouse gas storage formation concerned—

the Minister must give the applicant a written notice (called an offer document) telling the applicant that the Minister is prepared to grant the applicant a greenhouse gas holding lease over the block or blocks specified in the application.

1 Section 462 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).

2 If the applicant breaches a requirement under section 461 to provide further information, the Minister may refuse to give the applicant an offer document—see section 461(3).

(a) an application for a greenhouse gas holding lease has been made under section 334(3), (4) or (5); and

(i) inject a greenhouse gas substance into at least one of the identified greenhouse gas storage formations concerned; and

(ii) permanently store the greenhouse gas substance in at least one of the identified greenhouse gas storage formations concerned—

the Minister must give the applicant a written notice (called an offer document) telling the applicant that the Minister is prepared to grant the applicant a greenhouse gas holding lease over the block or blocks specified in the application.

1 Section 462 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).

2 If the applicant breaches a requirement under section 461 to provide further information, the Minister may refuse to give the applicant an offer document—see section 461(3).