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S-34.1 - Act respecting natural gas storage and natural gas and oil pipelines

Section 49
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49. The Minister may award, by auction, a storage licence in a territory that is no longer subject to a storage licence if the Minister considers that the territory presents an economically usable underground reservoir.
The process for awarding a storage licence by auction is determined by government regulation.
2016, c. 35, s. 23; 2022, c. 10, s. 33.
49. The Minister may award, by auction, a production or storage licence in a territory that is no longer subject to an exploration, production or storage licence if the Minister considers that the territory presents an economically workable deposit or an economically usable underground reservoir, as applicable.
Sections 17 to 24 apply, with the necessary modifications, to the auction.
2016, c. 35, s. 23.
Not in force
49. The Minister may award, by auction, a production or storage licence in a territory that is no longer subject to an exploration, production or storage licence if the Minister considers that the territory presents an economically workable deposit or an economically usable underground reservoir, as applicable.
Sections 17 to 24 apply, with the necessary modifications, to the auction.
2016, c. 35, s. 23.
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