Queensland Numbered Acts

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GREENHOUSE GAS STORAGE ACT 2009 No. 3 - SECT 246

246 Required content of GHG viability report

(1) A GHG viability report must--

(a) identify each GHG storage reservoir in the area the subject of the relevant report requirement; and
(b) 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
(c) if the holder's opinion is that it is not viable to carry out GHG stream storage in the area, state--
(i) 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
(ii) 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
(d) give data, and an analysis of the data, that supports each opinion.

(2) The supporting data and analysis must include--

(a) technical data relating to the geology of GHG storage reservoirs in the area; and
(b) market and financial data relevant to the opinions.


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