1) In the exercise of the powers conferred upon it by section 8(3)(c) and 123(a) of the Natural Gas Act, 2024, the Utilities Regulation and Competition Authority (“URCA”) hereby issues these Regulations relating to the Ship-to-Ship (STS) transfer of LNG in bulk and the STS transfer of LNG to be used as fuel (bunkering) in the Bahamian waters.
2) The objectives of these Regulations are to prescribe the requirements and safety conditions to carry out LNG STS Handling Operations in the Bahamian waters.