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North Sea Transition Authority (NSTA) approach to assessing Financial Soundness of Track 1 cluster Transport & Storage Companies (T&SCos) to hold an NSTA carbon dioxide storage permit

This document sets out the NSTA’s expectations for Track 1 T&SCos with respect to assessing the Financial Soundness of the proposed Storage Operator as part of an application for a storage permit, as required by regulation 7 of The Storage of Carbon Dioxide (Licensing etc.) Regulations 2010

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Perenco fined record £225,000 for exceeding vent consent

Perenco UK Limited (Perenco) has been fined £225,000, the highest ever financial penalty handed out by the North Sea Transition Authority (NSTA), for venting 59 tonnes of gas for over a month from its Dimlington onshore gas processing plant without consent.