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https://www.independent.ie/business/irish/long-delayed-500m-gas-terminal-on-shannon-estuary-back-on-after-deal-struck-37248932.html
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'Planned liquefied natural gas (LNG) projects in Ireland can create fossil lock-in for Green Island
The Shannon LNG Terminal is proposed to have a final maximum capacity of at least 10 billion cubic meters (bcm) per year. This would equal the current proposed annual flow capacity of European Union’s most ambitious gas project, the Southern Gas Corridor, and supply Ireland’s fossil gas needs twice over.
The Cork LNG Terminal is proposed to have an annual import capacity of up to approximately 4 bcm of gas.
Both terminals would import fracked hydrocarbons from the United States and could be used for passthrough to the EU – instead of simply fulfilling domestic energy demands.
We can say for sure that the Shannon LNG terminal is part of a cluster of gas projects of the so-called European Projects of Common Interest, that could be subsidized with public money. At the moment, Ireland can only receive gas from the UK via the Moffat interconnector point in Scotland, but it cannot send gas to the UK.
The Shannon LNG terminal (or, alternatively, the Cork LNG terminal) would be used as an entry point for fracked US hydrocarbons with the capacity of creating a fossil lock-in for the next 30 – 50 years. Together with the planned reverse flow project at Moffat, the upgrade of the SNIP (Scotland to Northern Ireland pipeline) to accommodate physical reverse flow between Ballylumford and Twynholm and the Islandmagee Underground Gas Storage (UGS) facility at Larne (Northern Ireland), it is part of a big cluster of gas projects that would allow bidirectional flows from Northern Ireland to Great Britain and Ireland, and also from Ireland to United Kingdom'
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The EU is driving this all island of Ireland gas plan (island) - importation of US LNG and interconnectivity (bi-directional flow of the SNIP) between Ireland the UK mainland = security of supply, reducing Russian gas dependency...
stand back and you can see the plan slowly taking shape. Shannon will also attract matched funding from the State (taxpayer) financed bodies...this is where I believe INFA will get much of its funding - the use of public capital to lever private capital into the project
Other gas initiatives
The Department continues to support initiatives to provide gas storage in Northern Ireland and there are current proposals to develop an underground storage facility below Larne Lough in East Antrim.
The Department is also working closely with the Utility Regulator and the natural gas industry on gas market arrangements, ensuring that EU and UK energy policy and legislative requirements are delivered in Northern Ireland. Gas market activities also include promoting greater retail competition where this is possible, and to provide further extension of the gas network where it is economically viable.
There is also significant liaison with the Department for Business, Energy and Industrial Strategy in London and the Department of Communications, Climate Action and Environment in Dublin in relation to a range of gas market issues, including security of supply.
https://www.economy-ni.gov.uk/topics/energy/gas#toc-0