Definition(s)

Annual greenhouse gas accounting report

Annual greenhouse gas accounting report means a report that includes, for a year:

  1. the quantity of greenhouse gas substance injected into the storage formation during the year; and
  2. the cumulative quantity of greenhouse gas substance that has been stored as at the end of the year; and
  3. the quantity of greenhouse gas substance lost, and emissions of additional greenhouse gases generated, in the processes of compression, transportation and injection; and
  4. the quantity of greenhouse gas substance lost from the well bore; and
  5. the quantity of greenhouse gas substance lost from the storage formation; and
  6. an explanation of how losses of the greenhouse gas substance were estimated or measured; and
  7. an assessment of the accuracy of the measurement or estimation of the quantities of the greenhouse gas substance.

Note The responsible Commonwealth Minister or the Titles Administrator must make the information in the report publicly known within 30 days after the Titles Administrator receives the report — see regulation 10.10.

Source: Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2011 (Select Legislative Instrument 2011 No. 54 as amended), Australia, prepared on 1 January 2012. Regulations

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