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Exploration & Production

Post-Brexit Ireland in dire need of investors

Ireland’s policymakers must put clear policies in place that appeal to reluctant investors if they want to guarantee energy security in the country Ireland’s policymakers must put clear policies in place that appeal to reluctant investors if they want to guarantee energy security in the country.
By Silvia Favasuli 31 March 2017 0 25302
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. 

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