42 USC 15909 - Gas hydrate production incentive

U.S Code last checked for updates: Nov 22, 2024

§ 15909.

Gas hydrate production incentive

(a)

Purpose

(b)

Suspension of royalties

(1)

In general

(2)

Eligible leases

A lease shall be an eligible lease for purposes of this section if—

(A)

it is issued under the Outer Continental Shelf Lands Act (43 U.S.C. 1331 et seq.), or is an oil and gas lease issued for onshore Federal lands in Alaska;

(B)

it is issued prior to January 1, 2016; and

(C)

production under the lease of natural gas from gas hydrate resources commences prior to January 1, 2018.

(3)

Amount of relief

(4)

Limitation

(c)

Application

(d)

Rulemakings

(1)

Requirement

(2)

Gas hydrate resources defined

(e)

Review

(Pub. L. 109–58, title III, § 353, Aug. 8, 2005, 119 Stat. 714.)

cite as: 42 USC 15909