2.- DESCRIPTION OF THE SYSTEM

The legislative inventory covers the development of 5 categories:

I. Institutional Legislation: Includes all legal rulings referring to the political administrative structure of the State with regard to the energy sector, which the organization is related to, the operation and competition of public bodies responsible for controlling and supervising the energy sector.

II- Hydrocarbons Legislation: Covers rulings related to hydrocarbons activities, divided into oil, derivatives, and natural gas.

Oil and derivatives: rules regulating different areas such as resource ownership, exploration and exploitation, free competition areas, tax system, refining (gasoline, diesel, jet fuel, liquefied petroleum gas, etc), transportation, marketing, storage, price methodologies, organization and operation, etc. 

Natural Gas: Rules regarding resource ownership, tax system, exploration and exploitation, free competition areas, price methodologies, storage, Network distribution of Natural Gas, compressed Natural Gas, Natural Gas transportation, Liquefied Natural Gas (LNG), Petrochemicals, Organization and operation, etc.

III. Electricity Legislation: Considers rulings related to technical, legal and financial requirements (free competition, tax system, price rulings) for the electricity industry activities such as generation, transmission, distribution, marketing and international interconnections.

IV.-Legislation on Other Energy Sources (alternative electricity sources): This considers the rulings that explain or detail the treatment of coal, wind energy, biomass, solar, geothermal, nuclear, and other energy sources.

V.- Environmental Energy Legislation: Considers rulings related to environmental protection in general and/or its elements, as well as the consequences that energy exploitation and production could have, such as air, soil and water pollution, deforestation, atmosphere contamination. Additionally, it is related to: environmental licensing, tax system, expropriation and services, climate change,  alternative resolution of disputes, among others.

3.-  SUPPORTING DOCUMENTATION:

SIEL Users Manual Legal Notification
 

4.- PARTICIPANTS

SIEL is executed thanks to the active participation of personnel from each one of the Member Countries, who as SIEL Advisors provide constant legal information which allows to continue updating this system.