Oireachtas Joint and Select Committees
Tuesday, 30 May 2023
Joint Oireachtas Committee on Climate Action
Liquefied Natural Gas and Oil Prospecting: Discussion
Mr. Gergely Moln?r:
I thank the Deputy for the question. It is important to look at the options which do not create lock-in impacts. It is important to maintain a certain level of supply diversity. From a supply security point of view, that is a welcome step. However if it creates lock-in impacts, that is also a distraction from the trajectory we would like to reach by 2050. When we speak about LNG import infrastructure, there are mainly two options on the table. One is an onshore terminal, which in a way creates some lock-in impacts. There are also floating storage and regasification units, SFRUs, which give flexibility in the long run. Once they are not needed in a certain market, those vessels can be directed towards markets where there is still gas demand growth. We need to differentiate certain options when we speak about energy import infrastructure in general.
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