Dr. Neil Walker:

We are not opposed to any particular project. As a principle, we generally comment on projects that are of significance to national or regional policy. We have never commented on the LNG terminal in Shannon as a commercial project. Shannon is not an IBEC member. We have never commented on the proposal for floating LNG storage in the harbour. As and when the regulator says that, because the gas is running out in Corrib - and we are going to be very exposed in that situation as per previous advice from the ESRI - a PSO levy of tens or hundreds of millions of euros a year may have to be applied to make something that is more expensive commercially viable which would be passed onto consumers, we may then have a comment as to whether we think it is good value for money. That time is not now because we still have two sources of gas; the domestic and the overseas. I hope I will be retired before it comes to that, but we will have to wait and see.