Corrib gas project gets €90m boost

Shell Ireland has received a fresh cash injection of €90 million from its parent company to deal with the spiralling costs of the Corrib gas field project.

Documents filed with the Companies Office confirm the additional monies, as Shell Ireland said yesterday the 5km on-shore gas pipeline will only be completed by the second half of 2014.

The Corrib gas partners — Shell, Statoil and Canadian-owned Vermillion — are now nine years behind the initial target to start generating revenues from the field.