Oireachtas Joint and Select Committees

Tuesday, 10 July 2018

Joint Oireachtas Committee on Communications, Climate Action and Environment

Petroleum and Other Minerals Development (Amendment) (Climate Emergency Measures) Bill 2018: Discussion (Resumed)

11:00 am

Mr. Denis O'Sullivan:

We believe there is an opportunity for diversity of supply through liquified natural gas, and certainly for liquified natural gas driving competition in the market. This is evident in other markets where liquified natural gas follows the pricing of gas. I do not agree that liquified natural gas is unviable. On the contrary, there is an opportunity for liquified natural gas to become part of the mix. However, we cannot be totally dependent on liquified natural gas. By its nature, it poses a higher risk of supply interruption, even though what we have seen in the international market is that it is resilient but not as resilient as piped gas.