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Gas Storage 002
Gas storage and unloading

The North Sea Transition Authority (the “NSTA”), pursuant to the Energy Act 2008 (the “Act”) is the licensing authority for offshore gas storage and offshore gas unloading.

Taxation4
Taxation

The tax regime which applies to exploration for, and production of, oil and gas in the UK and on the UK Continental Shelf (UKCS) currently comprises the following four elements, described briefly in turn below: