184Requirement for annual greenhouse gas accounting report

184  Requirement for annual greenhouse gas accounting report

 (1) A greenhouse gas injection licensee must give the Titles Administrator a report (an annual greenhouse gas accounting report) for each financial year, that includes the information specified in subsection (2), within 4 months after the last day of the financial year.

 (2) For the purposes of subsection (1), an annual greenhouse gas accounting report must include the following information:

 (a) for each greenhouse gas injection and storage project in the licence area, a summary of the project that includes the following:

 (i) the location of the project;

 (ii) the arrangements for ongoing monitoring of the behaviour of greenhouse gas substances injected into the identified greenhouse gas storage formation concerned;

 (b) the fundamental suitability determinants of each identified greenhouse gas storage formation situated in the licence area;

 (c) details of each licence condition to which the licence is subject;

 (d) the quantity of greenhouse gas substances injected into each greenhouse gas storage formation situated in the licence area during the year;

 (e) the cumulative quantity of greenhouse gas substances stored in all greenhouse gas storage formations situated in the licence area as at the end of the year;

 (f) the quantity of the greenhouse gas substances lost, and emissions of additional greenhouse gases generated, during the year in each of the following processes:

 (i) compression;

 (ii) transportation;

 (iii) injection;

 (g) the quantity of greenhouse gas substances lost from any well bore during the year;

 (h) the quantity of greenhouse gas substances lost from each identified greenhouse gas storage formation situated in the licence area during the year;

 (i) an explanation of how each of the quantities mentioned in paragraphs (f) to (h) were worked out;

 (j) an assessment of the accuracy of the measurement or estimation of the quantities of the greenhouse gas substances mentioned in paragraphs (d) to (h);

 (k) a description of activities undertaken during the year to monitor:

 (i) the behaviour of greenhouse gas substances stored in each identified greenhouse gas storage formation situated in the licence area; and

 (ii) the loss of greenhouse gas substances from each identified greenhouse gas storage formation situated in the licence area; and

 (iii) the loss of greenhouse gas substances during transportation and injection; and

 (iv) the loss of greenhouse gas substances from well bores in connection with identified greenhouse gas storage formations in the licence area;