PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 220
Preferred tenderer may make storage agreements
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 220
Preferred tenderer may make storage agreements
220 Preferred tenderer may make storage agreements
(1) A preferred tenderer
appointed for the call for tenders may enter into a storage agreement with the
following persons, as if the preferred tenderer held the petroleum lease and
the lease has taken effect—
(a) if no notices have been lodged under
section 219—the claimant;
(b) if any notice has been lodged under
section 219—any person who, according to notices lodged under that section,
owns the stored petroleum or prescribed storage gas.
(2) A person with whom
the preferred tenderer may, under subsection (1) , enter into a storage
agreement is a
"current owner" of the stored petroleum or prescribed storage gas.
