Post-Brexit Ireland in dire need of investors

By Silvia Favasuli 31 March 2017
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A flare from the Corrib field. Production is expected to fall from 2021. (Shell E&P Ireland) A flare from the Corrib field. Production is expected to fall from 2021. (Shell E&P Ireland)

Ireland’s Energy Ministry is heavily promoting the development of a new LNG terminal or FSRU in the country, but the governement appears reluctant to put any policies in place that will make investors’ involvement reasonable or profitable. 

Unattractive market and regulatory conditions mean the proposed Shannon LNG terminal in County Kerry is still lacking any financial backing, despite rumours of support from a new private investor. 

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