Shannon estuary gas terminal would cut prices, say promoters

The promoters of a delayed €600m gas terminal proposed for the Shannon estuary have claimed the development would create “real competition” in Irish gas prices.

Shannon LNG has been granted planning permission for a site on the Tarbert/Ballylongford landbank, in north Kerry, but work is on hold pending a decision from the Commission for Energy Regulation.

The project was announced in May 2006 and since then, promoters have invested almost €50m in securing planning and other permits. The project would create up to 600 construction jobs, and around 50 jobs when completed.