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Released October 18, 2023 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Plans for a controversial 650 million-euro (US$685 million) liquefied natural gas (LNG) terminal on the west coast of Ireland have been shot down by the country's planning board, An Bord Pleanala.
The backers, New York-based energy infrastructure company New Fortress Energy (NASDAQ:NFE) (New York, New York), had applied to build an offshore floating storage regasification unit (FSRU) terminal in the Shannon estuary alongside a 600-megawatt (MW) power plant with an integrated 120-MW battery storage facility. It would have been Ireland's first LNG terminal. However, the planning board indicated that the development would be inappropriate pending review of Ireland's energy supply. Ireland's decision, supported by the country's negative stance on fracked gas, comes at a time when many of its European neighbors are accelerating the rollout of LNG terminals as part of the European Union's (EU's) plans to wean itself off Russia gas imports and avoid a repeat of the energy crisis experienced over the past year.
In its initial review the board stated: "Having regard to the nature and form of the proposed development which constitutes an overall integrated facility incorporating an LNG terminal and with a clear focus on the use of LNG as the primary fuel source for related elements such as the proposed power station, it is considered that the development at this time would be contrary to current government policy, and in the absence of such policy support, such development would be contrary to the proper planning and sustainable development of the area." Permission for the associated power plant and battery storage facility were refused.
Minister for Environment and Green Party leader Eamon Ryan welcomed the decision. Speaking at a Green Party event, he said: "The future is not in investing in fossil fuels. At a time when the world is burning, we cannot expand our use of gas. But we can switch to electricity from wind and we can switch to hydrogen made from that wind. This is where the world is going; 80% of new power generation this year globally, is in clean, renewable energy and that's only going to increase."
The building of an LNG terminal in the Shannon estuary has become a 20-year saga. The developer shelved plans for its proposed Shannon Technology & Energy Park in 2019 after a high profile campaign by leading climate action groups and U.S. celebrities against the importation of fracked gas. For additional information, see July 7, 2021, article - Ireland's Controversial Shannon LNG Terminal Project Revived.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The backers, New York-based energy infrastructure company New Fortress Energy (NASDAQ:NFE) (New York, New York), had applied to build an offshore floating storage regasification unit (FSRU) terminal in the Shannon estuary alongside a 600-megawatt (MW) power plant with an integrated 120-MW battery storage facility. It would have been Ireland's first LNG terminal. However, the planning board indicated that the development would be inappropriate pending review of Ireland's energy supply. Ireland's decision, supported by the country's negative stance on fracked gas, comes at a time when many of its European neighbors are accelerating the rollout of LNG terminals as part of the European Union's (EU's) plans to wean itself off Russia gas imports and avoid a repeat of the energy crisis experienced over the past year.
In its initial review the board stated: "Having regard to the nature and form of the proposed development which constitutes an overall integrated facility incorporating an LNG terminal and with a clear focus on the use of LNG as the primary fuel source for related elements such as the proposed power station, it is considered that the development at this time would be contrary to current government policy, and in the absence of such policy support, such development would be contrary to the proper planning and sustainable development of the area." Permission for the associated power plant and battery storage facility were refused.
Minister for Environment and Green Party leader Eamon Ryan welcomed the decision. Speaking at a Green Party event, he said: "The future is not in investing in fossil fuels. At a time when the world is burning, we cannot expand our use of gas. But we can switch to electricity from wind and we can switch to hydrogen made from that wind. This is where the world is going; 80% of new power generation this year globally, is in clean, renewable energy and that's only going to increase."
The building of an LNG terminal in the Shannon estuary has become a 20-year saga. The developer shelved plans for its proposed Shannon Technology & Energy Park in 2019 after a high profile campaign by leading climate action groups and U.S. celebrities against the importation of fracked gas. For additional information, see July 7, 2021, article - Ireland's Controversial Shannon LNG Terminal Project Revived.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
