CONSENT TO TRANSFER SECTION 8AA OF THE GAS ACT 1986
Whereas
A. Squire Energy Limited (“the transferor”) (company registration number 04786330) is the holder of a Gas Transporter licence (“the Licence”) granted under section 7(2) of the Gas Act 1986 (“the Act”).
B. Section 8AA of the Act provides that a Gas Transporter 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. Squire Energy Limited has applied to the Authority for its consent to transfer the licence to Stark Infra-Gas Limited (company registration number 11409096), (“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 6 August 2024 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 5 August 2024 and no objections were received within the period of notice.
Consent to transfer
With effect from 28 October 2024 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 01 November 2024.
