Seán Canney (Galway East, Independent) | Oireachtas source

On security of supply, there is no specific requirement that exploration companies sell oil or gas discovered in Irish offshore to the Irish market. That is consistent with international practice in the United Kingdom and Norway, for instance. A combination of practical factors and market forces will provide for local demand.

A discovery will be landed and sold locally to ensure maximum recovery from the feed and a reduced cost of transportation. In all cases the State's fiscal regime applies to the production of all oil offshore. All commercial finds to date - Kinsale Head, Ballycotton, Seven Heads and Corrib - have been delivered into the Irish market.