Malaysia legislation

Section 30

of CARBON CAPTURE, UTILIZATION AND STORAGE ACT 2025

Section 30

(2)

The rates of injection levy—

(a)

shall be determined based on the risk and probability of risk of each storage site; and

(b)

shall not be increased due to withdrawals from the Fund or risks associated with other offshore storage projects.

(3)

Subject to subsection (2)—

(a)

the Agency may review the rates of injection levy for every five years, after consultation with the relevant competent technical entity; and

(b)

the offshore operator as it thinks necessary may request for the Agency to review the injection levy rates.

Closure and post-closure obligations in relation to offshore storage