LNG facilities at Shannon and Co Antrim would cut Irish energy bills: ESRI

Importing liquefied natural gas (LNG) at a proposed site on the Shannon estuary and a storage facility at Islandmagee in Co Antrim could help reduce prices for consumers, according to research by the Economic and Social Research Institute.

The sites, which have been proposed by the EU as projects that could potentially integrate European energy markets, would help Ireland tap “highly-competitive” world LNG market prices, according to ESRI researchers.