Shannon LNG Ltd plans gas plant in Kerry, Ireland

Shannon LNG Ltd has recently received planning permission to build a gas power plant in north County Kerry. This development has stirred public discussion, with mixed reactions from politicians and environmental groups. Some local leaders, like Minister Norma Foley, have supported the project, mentioning potential job creation. Conversely, others, including Green Party leader Roderic O’Gorman, argue that developing gas infrastructure contradicts Ireland's environmental goals, especially amidst the ongoing climate crisis. Opponents have raised concerns that the plant could allow fracked gas imports, which may harm the environment and public health. They emphasize the importance of reducing greenhouse gas emissions rather than increasing reliance on fossil fuels. The proposed plant is set to be built on a large site between Tarbert and Ballylongford, featuring three turbine halls. The parent company, New Fortress Energy Inc., based in the US, has lobbied various senior government officials to promote its interests since 2022. Records indicate that top Irish politicians, including Taoiseach Micheál Martin and former Taoiseach Leo Varadkar, have met with New Fortress representatives to discuss energy supply issues. The company aims to highlight the benefits of its LNG project and the need for energy security in Ireland. Despite its ambitious plans, Shannon LNG Ltd has struggled financially, reporting significant losses in recent years. In 2022, the company's loss reached over €3.7 million. Much of its spending goes toward administrative costs. The company describes itself as still in a "development stage," with its future contingent upon securing necessary permits, which may face legal challenges from environmental groups. Risks outlined in its financial report highlight uncertainties related to planning regulations, potential changes in the gas market, and securing funding. Overall, Shannon LNG Ltd is focused on navigating the regulatory landscape while aiming to establish a viable gas import terminal and power plant.