GEA cautions licence holders to comply with law

The Guyana Energy Agency (GEA) is urging licence holders to comply with statutory requirements as this will avoid delays in its operations.
According to the regulatory agency, as it continues in its efforts to ensure that there is compliance with regulations provided under the laws of Guyana, it is vested in its mandate to monitor the performance of the energy sector.
The GEA stated on Wednesday that it had no intentions of halting or having purposeful delays in any of its business operations, especially by licensed public operators.
As such, the Agency is urging all applicants, licence holders and prospective operators to comply with all statutory requirements.
“The Agency is obligated by law to ensure that all regulations and procedures, including those outlined and enforced by other entities, are followed.”
Further, the GEA noted that the timely renewal of licences is a must.
“GEA wishes to remind all licence holders, in the business of transporting, storing, retail, wholesale or importation of petroleum and petroleum products, of their licensing obligations under the Petroleum and Petroleum Products Regulations 2014 and requirements for timely renewal through submission of requisite documentation.”
The Agency reminded that confirming to the licensing process would assist its determination to stamp out illegal fuel smuggling through proper monitoring, enforcement and compliance.