« BackShannon LNG hopes for Supreme Court decision in 2016.

shannonLNGThe company behind plans to build a gas terminal in North Kerry says it hopes the Supreme Court will make a ruling in the New Year that will affect the project’s future.

Shannon LNG wants to build a €600 million liquefied natural gas terminal on the Tarbert-Ballylongford landbank.

In February 2014, it lodged an appeal to the Supreme Court against plans to impose a €50 million annual levy on it.

In December 2013, the High Court upheld proposals by the Commision for Energy Regulation that Shannon LNG would pay an annual tariff for gas interconnectors which it says it wouldn’t use.

The CER said the charges should apply to all gas suppliers because they all use the gas transmission network owned by Bord Gáis – and that the interconnectors are an integral part of this.

Shannon LNG appealed the High Court decision to the Supreme Court which has still to give a ruling.

The company got planning permission for the gas terminal in 2008 but it has been delayed by legal and planning matters.

Chief executive of Shannon LNG, Paddy Power has said he is confident the project will come to fruition but says the regulatory framework will have to change if the facility is to proceed.
It’s also seeking an investor to enable the project to progress.