Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Mossma, I've been trying to dig out an article can't find it. I'm sure that I read that New Fortress Energy were resubmitting their application with an assurance that they wouldn't be using fracked LNG. As most US gas is fracked, I'm thinking they could be looking at T & T as the source. They were obviously looking at importing fracked US LNG first time around, so transporting across the Atlantic from T &T instead shouldn't be an issue.
Some good posts this weekend, most of the Ireland stuff highlights the fact the use of 'fracked gas' will not be permitted under any circumstances.
However, the New Fortress company are looking to press ahead with their plans for an LNG terminal, which indicates a real positive for future LNG in Ireland, why would they be investing the time and money on a project that has no possible outcome.
As with all governments, procedures and protocols need to be adhered to, hence the pending review in the summer by the Irish Government, which has been mentioned by PG in his last interview with Malcy, things are looking very positive.
All in my opinion.
Continued
Brady finished the letter by saying that “in light of the above” a meeting may “no longer be required” but the department could accommodate one if necessary.
The rebuttal from the department will come as a blow to New Fortress Energy, whose chief executive, multi-billionaire Wes Edens, recently said on an analyst call that he expected the Shannon LNG project to be online in the “second half of next year”.
Bodes well for our proposal.
AIMHO of course
GLA
Wacky
Morning all,
Article in the Business post today explaining the reason behind the recent announcement of “No LNG in Ireland until review”
The Department of Environment, Climate and Communication drew attention to the programme for government, which states: ‘As Ireland moves towards carbon neutrality, we do not believe that it makes sense to develop LNG gas import terminals importing fracked gas’.
It would be “inappropriate” for any liquefied natural gas infrastructure to be built in Ireland until an energy review has been carried out, a top official at the Department of the Environment has told the Shannon LNG project.
The news comes as American energy company New Fortress Energy has resubmitted a planning application for its €500 million Shannon LNG import terminal and gas-fired power plant in Ballylongford, Co Kerry, after the former planning application was quashed by the High Court last year.
In documents released under Freedom of Information, New Fortress Energy wrote to the Department of Environment, Climate and Communications (DECC) at the beginning of March, requesting a meeting so that it could present its proposal for a new LNG import terminal, alongside a power plant. The email emphasised that the project was not looking for either EU funding or Irish government funding.
Kevin Brady, principal officer at the DECC, wrote back to New Fortress Energy at the end of March, noting its request for a meeting, and immediately drawing the company’s attention to the programme for government, which states that: “As Ireland moves towards carbon neutrality, we do not believe that it makes sense to develop LNG gas import terminals importing fracked gas.”
The department also drew the company’s attention to another section of the programme for government drawn up by the Green Party, Fine Gael and Fianna Fáil, which stated that: “We do not support the importation of fracked gas and shall develop a policy statement to establish that approach.”
Much of the gas produced and exported from the United States comes from fracked sources. Fracking is a highly controversial method of extracting fossil fuels from shale rock.
“This policy statement is being developed and is expected to be approved by government and published shortly,” Brady said.
Brady said Minister Eamon Ryan was carrying out a review of the security of energy supply of Ireland’s electricity and natural gas systems which would inform a government decision on “whether it would be appropriate, or not, to develop LNG terminals in Ireland” and if any such terminals were to be developed, whether they should “only be in order to provide an emergency backup to existing supply infrastructure”.
“Pending the outcome of the review of the security of energy supply of Ireland’s electricity and natural gas systems, it is the department’s position that it would not be appropriate for the development of any LNG terminals in Ireland to be permitted or proceeded with,” Brady said.
C