RE: Varadkar going25 Mar 2024 15:12
No problem Gerry, I have been a Travelling Willbury for 30+ years after graduation, with only a few years back home early on, but do keenly follow the news, politics & my investments, etc. Now too used to the sun, heat & good weather to go back full time :-) Re the new Taoiseach, Simon Harris will be elected on April 9th, hardly a radical change & he stated that he expects to keep the Dail to full term, ie, March 25 max. GLA, DB
PS - I have copied a great post from FabPhil on PRD & its worth a read for all here & may bring about some Inishkea & Corrib movements.
Securing Ireland’s Gas Supplies23 Mar 2024 18:37
https://www.gov.ie/pdf/?file=https://assets.gov.ie/276795/c7ca6839-05f5-4d7f-8db9-bbf12f4eba67.pdf#page=null
Page 20 - “This analysis indicates a strategic FSRU as the only short-listed option that can fully mitigate unserved demand in Shock Scenario 4 and 5 which involves disruption of seven or 30 days of both gas interconnectors”
Page 21 - “The CRU ‘2022 National Risk Assessment: Gas’10 highlights that Ireland is not fully compliant with the EU Infrastructure standard. Ireland’s N-1 has decreased from 85% in 2018 to 65% in 2022 and remains unable to meet the Infrastructure Standard (N-1) in the event of failure of its largest piece of gas infrastructure i.e., if the supply of gas via Moffat is partially disrupted Ireland will be unable to deliver sufficient gas from other entry points to meet total demand on a 1 in 20 year peak-day”
“If Ireland is not able to meet its gas demand it could have very significant impacts on the country, depending on the timing and duration of any disruption to supplies, according to an ESRI working paper ‘The Cost of Natural Gas Shortages in Ireland’11 that was published in 2010. The Economic and Social Research Institute (ESRI) paper estimated the cost of disruptions in the supply of natural gas and found that (i) the cost of losing one day of gas-fired electricity amounts to 0.1-1.0 billion euro, depending on the time of week, the time of year, and the rationing scheme used, (ii) the cost of losing three months of gas-fired power could be as high as 80 billion euro or 50% of GDP and (iii) losing gas for heating for three months would add another 8 billion euro on average. In this paper, ESRI also discuss some options to increase Ireland’s security of supply and find that the cost is a small fraction of the avoided maximum damage. It is noted that this assessment does not cover the social impact of a gas supply disruption. The Department has requested ESRI to prepare an update to this analysis”
Page 24 - “The Department’s view is that the level of risk presented by a technical disruption over the next decade is UNACCEPTABLE at the moment. It further notes that even if a regional approach could be taken to the N-1 infrastructure test as previously
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