Odourless gas costs Corrib producers

The firms behind the Corrib gas field may have lost out on an estimated €38m in revenues in the third quarter as a result of odourless gas getting into the gas network and a scheduled downtime.

The release of the odourless gas has resulted in two inquiries — by the Commission for Regulation of Utilities and the Environmental Protection Agency.

The financial cost to Shell Ireland, Statoil and Vermilion Energy can be assessed from figures released by Vermilion which show revenues fell 23% from the second quarter.