A global energy infrastructure company is to develop the long-awaited Shannon LNG terminal in north Kerry.
Taoiseach Leo Varadkar says the announcement is very welcome and will provide a significant boost to the Shannon region.
Minister for Communications, Climate Action & Environment, Denis Naughten said the terminal would be a very important contribution to the security and diversity of energy supply in Ireland.
Junior Minister Brendan Griffin says he’s liaised with the Taoiseach’s office on this and the news is a positive step for the county.
Planning permission was granted in 2008 for the €500 million liquified natural gas terminal on the Tarbert-Ballylongford landbank; however, it’s been beset by delays.
In July, a five-year extension of that planning permission was granted.
Around 70 million euro has been invested in the project to date.
Today, it has been announced that US-based company New Fortress Energy, whose mission is to accelerate the world’s transition to clean and renewable energy, has entered an agreement to progress the project.
The project will support 400 construction jobs and 100 positions when operational; it is expected the facility will begin operations by the end of 2020.
Kerry County Councillorr Jim Finucane says a huge effort has gone into getting the project over the line by Paddy Power and his team: