€338m Cork deal to import Texas gas

Location, a logistical opportunity, and the boss of an major American company with local roots have combined into a perfect “positive” storm for a project which could safeguard Ireland’s energy requirements for many years to come.

An almost unlimited supply of natural gas on the Texas/Mexico border, the closure of the rapidly-dying Kinsale Gas Fields in 2021, and an existing gas supply infrastructure in Cork harbour have made it an opportunity not to be missed.

The €338m pact between NextDecade Corporation, Flex LNG, and the Port of Cork to import natural gas is in the pipeline and could be completed as soon as late 2019 via a new terminal to be constructed in Whitegate.