Economic report says LNG facility on the Shannon Estuary could result in reduced energy bills

An economic report says a proposed LNG facility on the Shannon Estuary could result in reduced energy bills.

An ESRI report evaluated the potential effects for consumers, resulting from the proposed Shannon LNG facility in North Kerry.

The project has been proposed as a key European Project of Common Interest to integrate Europe’s energy markets and diversify the supply of energy sources.

The research shows a facility on the Shannon Estuary would allow Irish consumers to benefit from highly competitive global LNG markets, thus bringing a reduction in their annual energy bill.

The High Court recently referred a number of questions to the European Court of Justice relating to a five-year extension of planning permission for the LNG terminal on the Shannon Estuary.