Corrib gas project to contribute €3b

THE controversial Corrib gas project will contribute over €3 billion to Ireland’s GDP over its lifespan.

An independent report from Goodbody Economic Consultants, commissioned by the Corrib Gas Partners, said the project will supply 60% of the country’s natural gas needs at peak production.

The gas field is estimated to yield approximately one trillion cubic feet of natural gas over an operating life of 15 to 20 years.