Alqanoni

Law of Energy Supplies

Art. 5
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

1. Without prejudice to the provisions of licenses issued under other laws to engage in one energy activity or more, obtaining a license from the Ministry shall be required prior to engaging in activities relating to natural gas and its Law of Energy Supplies liquids or activities relating to hydrogen. Such activities shall include transportation, processing, fractionation, gas purification, assembly, storage, local distribution, import and export, sale, and construction, ownership, and operation of networks and facilities of natural gas and its liquids or hydrogen facilities, in accordance with the Regulations. 2. The Regulations shall determine the fees for licenses. 3. The licensee shall obtain an insurance policy that covers his civil liability for any damage resulting from his management, as determined by the Regulations. 4. Ownership of tangible assets shall, upon expiration of the license, devolve to the State, unless the license stipulates otherwise or the Ministry decides to relinquish such assets upon agreement with the Ministry of Finance. The licensee shall deliver such assets to the Ministry in proper condition, except for normal wear and tear. Tangible assets mentioned in this paragraph shall refer to networks, pipelines, and plants designated for transportation, fractionation, processing, purification, assembly, storage, distribution, import and export, and sale of natural gas and its liquids as well as the networks and facilities for the production and distribution of hydrogen, and any fixed assets related thereto that are required by operations.

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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