New Backer For Estuary Gas Terminal Project
August 29, 2018
New Fortress Energy is set to develop the new gas terminal on the Shannon Estuary resulting in 400 jobs at the construction stage, while 100 permanent jobs will be created when the plant is fully commissioned.
Ireland South MEP Sean Kelly this week confirmed that the global leader in the energy infrastructure business has agreed to buy the site at Ballylongford, County Kerry, which has full planning permission for the proposed LNG Terminal.
This development, which will cost an estimated €500 million, was recently designated as an EU Project of Special Interest by the European Commission, an important factor in attracting the interest of the new buyers.
Mr Kelly believes that an LNG terminal on the west coast of Ireland fits in well with the current EU policy of changing electricity generation to gas-fired plants from the present coal and peat-burning plants. He expressed his delighted that his work on this project for the last decade has helped to finally bring it over the line.
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