Required content of GHG storage viability report
246 Required content of GHG storage viability report
A GHG storage viability report must—
identify each GHG storage reservoir in the area the subject of the relevant report requirement; and
state whether in the opinion of the relevant GHG tenure holder, it is currently viable to carry out GHG stream storage in the area; and
if the holder’s opinion is that it is not viable to carry out GHG stream storage in the area, state—
whether in the holder’s opinion, it may at any time in the future be viable to carry out GHG stream storage in the area; and
if the opinion is that it may at some time in the future be viable to carry out GHG stream storage in the area—the holder’s assessment of when that time may be; and
give data, and an analysis of the data, that supports each opinion.
The supporting data and analysis must include—
technical data relating to the geology of GHG storage reservoirs in the area; and
market and financial data relevant to the opinions.
This Act’s bill:Explanatory memorandum
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