Oireachtas Joint and Select Committees
Wednesday, 19 April 2023
Joint Oireachtas Committee on Transport, Tourism and Sport
Shannon Foynes Port Company: Chairperson Designate (Resumed)
Mr. David McGarry:
There is potential in terms of the supply of energy that will go through Moneypoint, through Tarbert, etc. The Shannon Foynes Port Company will support that. As Europe decarbonises, Germany, France and the other major energy consumers across Europe will all need energy. Europe is decarbonising at a rapid scale; much faster than we had all thought. In the next ten years, or by 2030 and 2040, there will be such a demand, because this is the energy security Europe has been looking for. In the next five years, we will have to watch this space in terms of the economic justification. It will be step by step. However, it is there.
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