Ownership of geothermal energy

In force

(1)

The Territory owns geothermal energy contained in geothermal energy resources before the resources are extracted in accordance with a geothermal production lease.

(2)

A person who holds a geothermal production lease becomes the owner of geothermal energy resources and geothermal energy extracted in accordance with the lease.

This Act’s bill:Explanatory statement Second reading speech

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9 Ownership of geothermal energy