- Publication date
- 20th November 2020
- Information type
- Policy area
CONSENT TO TRANSFER
SECTION 8AA OF THE GAS ACT 1986
A. ENI Trading & Shipping SpA (“the transferor”) is the holder of a gas shipper licence (“the Licence”) granted under section 7A(2) of the Gas Act 1986 (“the Act”) on 11 May 2011.
B. Section 8AA of the Act provides that a gas shipper licence may be transferred by the licence holder –(i) with the consent of the Gas and Electricity Markets Authority (“the Authority”); and (ii) subject to any term of the licence relating to its transfer.
C. Paragraph 2 of Part 1 of the licence provides that the licence is subject to transfer in accordance with Act, the special conditions or the conditions.
D. The transferor has applied to the Authority for its consent to transfer the licence to Eni Global Energy Markets SpA (company registration number 11076280962, (“the transferee”).
E. The transferee has satisfied the Authority as to the criteria set out in section 8AA(6) of the Act;
F. The Authority gave notice to the Health and Safety Executive under section 8AA(7)(a) of the Act on 17 September 2020 and no objection was received within the period of the notice;
G. The Authority gave notice under section 8AA(9) of the Act of its intention to consent to the transfer of the licence on 17 September 2020 and no objection was received within the period of notice. Consent to transfer
With effect from 20 November 2020 the Authority, pursuant to section 8AA(1) of the Act, consents to the transfer of the whole of the licence to the transferee which is proposed to take place on 1 January 2021.
Duly authorised on behalf by the Gas and Electricity Markets Authority