Deal urged on €1bn project for West Limerick

Nick Rabbitts

Reporter:

Nick Rabbitts

SHANNON Development chief executive Dr Vincent Cunnane has urged that a “compromise” be found which will enable the €1bn LNG project be moved forward.

SHANNON Development chief executive Dr Vincent Cunnane has urged that a “compromise” be found which will enable the €1bn LNG project be moved forward.

There are concerns that the massive project in Ballylongford may not go ahead, after the Commission for Energy Regulation (CER) said the firm would be liable for the tariff intended to pay for the upkeep of the gas pipeline interconnector between Ireland and Scotland.

Shannon LNG - which hopes to create around 500 jobs - has always contended that it should not pay an estimated €75m a year for the interconnector it will not even use.

It plans instead to import liquefied natural gas to the plant, and sent it in gas form into the national grid near Foynes, estimating that it could meet up to 45pc of Ireland’s demand.

With company boss Paddy Power set to address Limerick County Council this Monday evening - and expected to be critical of the delays - Dr Cunnane has stepped in a bid to solve the impasse.

“What we would be advocating is that the Commision for Energy Regulation, Shannon LNG and Bord Gais get together and come up with the compromise

solution which will serve all our needs, and give us a crucial piece of infrastructure. This will allow Shannon LNG get into the Irish market, and get this €1bn operation under way which will lead to 800 jobs in the short term,” he told the Limerick Leader,” he said.