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.
Research by Interfax Natural Gas Daily suggests the so-called ‘new investor’ refers to Sambolo Resources, a private investment vehicle founded...
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