Corrib gas field operator's court challenge to windfall energy tax to be fast tracked

Vermillion has already paid €98.9m for 2022 and another €40m or more is due for 2023.

Vermilion seeks, among other things, return of the money it has already paid and declarations that relevant provisions of the EU regulation are invalid as a matter of EU law.

High Court challenge by Vermillion, operator of the Corrib gas field off the west coast, over the windfall gains tax on the energy sector will be considered for entry to the fast track commercial division of the court later this week.

Vermilion Energy Ireland Ltd, Vermilion Exploration and Production Ireland Ltd, and Vermilion Energy Corrib Ireland Ltd, have brought proceedings against the Minister for the Environment, Climate and Communications, Ireland,  and the Attorney General.