Nov. 28: New Law to Regulate Oil and Gas Industry

0
16

The government introduced The Pipelines Amendment Act, 2016 in the Legislature to replace The Pipelines Act, 1998. Some of the components of the new law include:

  • Establishing new inspection, investigation and compliance audit powers for ministry staff
  • Updating and modernizing penalty provisions
  • Providing requirements for financial assurance from operators for pipelines that are in high-risk locations such as water crossings
  • Setting up new obligations associated with environmental issues that might occur following pipeline abandonment.