The issue to be really addressed here will be if the state waives the levy on Hess LNG/Shannon LNG for the interconnector, this could amount to state support of up to 22.5 million euros per year at a cost of a 15% rise in gas prices to the consumer. This is a strategic question that will have to be answered at a national level as it will amount to a subsidy of up to 450,000 for each of the 50 long-term jobs ultimately created by the project. This will also be at the cost of the sterilisation of the entire Shannon Estuary for sustainable strategic maritime port development.
John McElligott (Safety Before LNG)
Posted on 8 Jun 2011 6:25 pm
The issue to be really addressed here will be if the state waives the levy on Hess LNG/Shannon LNG for the interconnector, this could amount to state support of up to 22.5 million euros per year at a cost of a 15% rise in gas prices to the consumer. This is a strategic question that will have to be answered at a national level as it will amount to a subsidy of up to 450,000 for each of the 50 long-term jobs ultimately created by the project. This will also be at the cost of the sterilisation of the entire Shannon Estuary for sustainable strategic maritime port development.