PART 4Government Pipe-line and Storage System

I1125Right to transfer the government pipe-line and storage system

1

The Secretary of State may—

a

sell or lease the government pipe-line and storage system or any part of it;

b

transfer for valuable consideration or otherwise the ownership of the system or any part of it;

c

transfer for valuable consideration or otherwise any right relating to the system or any part of it (whether a right conferred by this Part or otherwise);

d

transfer any liability relating to the system or any part of it.

2

Any sale, lease or transfer by virtue of subsection (1) may be subject to such conditions, if any, as the Secretary of State considers appropriate.