Analyst: Bord Gáis should create separate body for gas network

Davy stockbrokers believe that Bord Gáis should follow the example of the ESB and Eirgrid and create a separate body to manage the national gas network.

Following the failure of the State to sell Bord Gáis Energy after a nine-month sales process that resulted in the assets being abruptly pulled from the market, the Government is now facing an April deadline for separating gas networks and energy supply.

Davy analyst Joseph McGinley said that, due to the tight timeframe, the State will likely use an independent company to operate the gas network in a similar manner to how Eirgrid looks after the electricity network.