The North Sea Transition Authority (NSTA) has today (9 July 2024) published its approach to applications for consent to a transfer of a carbon dioxide appraisal and storage licence, or change of control of a corporate entity.
This approach provides clarity to licensees on how the NSTA will consider transactions, thereby supporting the growing carbon storage industry, contributing to a stable and predictable system of regulation.
The NSTA’s approach can be found here.