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<p>The Pipe-lines, Petroleum, Electricity Works and Oil Stocking (Miscellaneous Amendments)
(EU Exit) Regulations 2018 were laid before Parliament in December 2018 and will enter
into force following the UK’s withdrawal from the EU. The Regulations will ensure
that the relevant regulatory regimes for oil and gas licensing, environmental protection
and oil stocking remain effective and appropriate post-EU exit. They will not result
in any additional burdens on industry as they will simply fix ‘post-exit’ deficiencies
within a suite of existing legislation.</p><p> </p><p>The existing UK Compulsory Oil
Stocking regime will continue to operate in the event of a no deal, but the EU obligations
within this system will cease to apply. Several bilateral agreements are in place
with other EU Member States to help ensure that the system continues to be flexible
and robust.</p><p> </p><p>The Department engages regularly with the oil and gas sector
on EU exit issues.</p>
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