The CER has today, 18th February 2015 published a Decision Paper on a revised Natural Gas Storage Licence.
The current natural gas storage licence was issued in 2006 prior to the establishment of the Gas Safety Regulatory Framework. To date the Natural Gas Storage Licence has primarily consisted of economic conditions. The modifications take into account legislative developments with respect to safety regulation and the CER’s enforcement powers along with a modification regarding Directive 2009/73/EC. The revised licence will enter into effect 28 days after the date of publication.