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National Energy Board Act

Version of section 118 from 2002-12-31 to 2012-07-05:


Marginal note:Criteria

 On an application for a licence, the Board shall have regard to all considerations that appear to it to be relevant and shall

  • (a) satisfy itself that the quantity of oil or gas to be exported does not exceed the surplus remaining after due allowance has been made for the reasonably foreseeable requirements for use in Canada having regard to the trends in the discovery of oil or gas in Canada; and

  • (b) [Repealed, 1990, c. 7, s. 32]

  • (c) where oil or gas is to be exported and subsequently imported or where oil or gas is to be imported, have regard to the equitable distribution of oil or gas, as the case may be, in Canada.

  • R.S., 1985, c. N-7, s. 118
  • 1990, c. 7, s. 32
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