Natural Gas Enterprise Act Article 9

After obtaining an establishment permit, the natural gas utility enterprise shall complete the following procedures:1. Company registration: Company registration shall be completed within 4 months from the issue date of establishment permit;2. Installation of transmission and storage equipment: Installation shall commence within 1 year from the issue date of establishment permit;3. Application for gas supply operations: The application for gas supply operations shall be submitted within 3 years from the issue date of the establishment permit.The enterprise may apply for an extension if any of the procedures specified in the preceding paragraph cannot be completed within the specified deadlines. The extension period specified in Subparagraph 1 of the preceding paragraph shall not exceed 2 months. The extension period specified in Subparagraph 2 of said Paragraph shall not exceed 6 months. The extension period specified in Subparagraph 3 of said Paragraph shall not exceed 1 year. Each extension is limited to one occurrence. However, the period of delay attributable to the factors beyond the control of the natural gas utility enterprise shall not be included in the extension period.Applications for an extension stated in the preceding paragraph shall be accompanied by opinions from the competent authority of the municipality or county (city), which shall subsequently forward them to the central competent authority for approval.Failure to complete company registration, installation of transmission and storage equipment, or submission of the application for gas supply operations within the specified deadline as per Paragraphs 1 and 2, the central competent authority shall abolish the establishment permit.