Energy regulator gas plans ‘hindering competition’

Cheaper energy, job creation and the diversity and security of energy supply are being thrown back in the faces of foreign investors, according to the US-owned Shannon LNG.

Paddy Power, CEO of company, said a €1bn investment for the Shannon estuary is being put “at risk” by the Commission for Energy Regulation.

Planning permission was secured by Shannon LNG for a €600m liquidified gas terminal in 2008 and the firm is planning a €400m Combined Heat Power plant at the 287-acre site at Ballylongord, Co Kerry, in tandem with the LNG plan.