18
CurrentGrant of pipeline licence
Part 5Sale of pipelines etc
18 Grant of pipeline licence
(1)
On the vesting of a pipeline in a purchaser, a pipeline licence for the pipeline must be issued under the Petroleum Act 1940.
(2)
The terms and conditions of the licence must be—
(a)
as set out in the regulations; or
(b)
as determined by agreement between the relevant Minister and the purchaser.
(3)
On the issue of a pipeline licence to the purchaser, the Authority's licence for the pipeline is revoked.
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