Tom Shehan (Fine Gael)

The Bill proposes to allow the Commission for Energy Regulation to source low interest funding through the NTMA to meet the start-up costs incurred in putting in place the statutory safety framework required by the Petroleum (Exploration and Extraction) Safety Act 2010 prior to the imposition of the prescribed levy on the industry. What are the implications of the levy for Shannon LNG? Local newspapers have reported that the company is about to pull out of the Kerry area and may sue the State.