To ask the Secretary of State for Energy Security and Net Zero, with reference to the heads of terms agreement between her Department and Eni on the HyNet North West project, if she will publish the economic, regulatory and governance terms.
Answered on
26 March 2024
The Energy Act 2023 establishes an economic licensing requirement for carbon dioxide transport and storage. The Department published indicative Heads of Terms for the economic licence in December 2023. Ahead of granting an economic licence, the Secretary of State will give notice of her intent to do so in line with the requirements of the Act.
Answered by
Department for Energy Security and Net Zero