Oireachtas Joint and Select Committees

Tuesday, 8 March 2022

Joint Oireachtas Committee on Climate Action

Energy - Ambition and Challenges: Discussion (Resumed)

Mr. Martin Finucane:

There is a security fear in Europe. Some 40% of European gas comes from Russia. Exercises are taking place, particularly in central and eastern European member states, to explore where alternative sources of gas could be found in the event of a physical interruption of the security of supply. In the very short term, one of the options to be examined is increasing the transport of liquefied natural gas that may otherwise have gone to the Asian market or other global markets to the European markets. That would be an immediate response to the Ukrainian crisis as opposed to a long-term plan.

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