Dáil debates
Wednesday, 3 May 2006
Energy Resources: Motion.
8:00 pm
Noel Dempsey (Meath, Fianna Fail)
However, these licensing terms were not always the same. Until 1987, the terms did not exempt gas and oil developments from royalty payments. The Kinsale gas field paid, and still pays, royalties. While that field is now in its depletion stage, royalty payments received to date amount to approximately €150 million.
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