The chief executive of the company behind plans to build a huge gas terminal in north Kerry says he is confident the project will come to fruition.
However Paddy Power of Shannon LNG says the regulatory framework will have to change if the €600m facilitiy is to proceed.
Shannon LNG first got planning permission for the liquefied natural gas terminal near Tarbert in 2008 but it has been delayed repeatedly because of legal and planning issues.
The Commission for Energy Regulation insists that the company must contribute towards gas connections – which it says it won’t use.
Shannon LNG is now seeking an investor to enable the project to proceed.
Paddy Power says a change in the regulations is essential: