Pa Daly (Kerry, Sinn Fein)
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201. To ask the Minister for Environment, Community and Local Government to outline the process through which a costing of €900 million was reached for the proposed liquid natural gas reserve; to provide a breakdown of the projected annual cost broken down by CapEx and OpEx, in tabular form. [42020/25]

Pa Daly (Kerry, Sinn Fein)
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202. To ask the Minister for Environment, Community and Local Government the projected total first- and full-year OpEx of the proposed liquid natural gas terminal, in tabular form. [42021/25]

Pa Daly (Kerry, Sinn Fein)
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203. To ask the Minister for Environment, Community and Local Government the projected total first- and full-year CapEx of the proposed liquid natural gas terminal, in tabular form. [42022/25]

Darragh O'Brien (Dublin Fingal East, Fianna Fail)
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I propose to take Questions Nos. 201 to 203, inclusive, together.

In March of this year, I received Government approval to proceed with the development of a State-led strategic gas emergency reserve. The delivery of a temporary gas reserve is critical to Ireland’s energy security as we continue to transition to indigenous, clean renewable energy. Crucially, the strategic gas emergency reserve will also ensure compliance with EU standards and regulation. The Government will continue to take decisive action to protect Ireland’s economy and citizens from the potential catastrophic impact of a significant disruption to gas supplies.

The emergency reserve will be in the form of a Floating Storage and Regassification Unit to be owned on behalf of the State by the system operator, Gas Networks Ireland (GNI). The reserve will protect Ireland’s economy and citizens from the potential catastrophic impact of a significant disruption to gas supplies.

Gas Networks Ireland are now progressing the project through detailed design and market engagement to determine the final costs to deliver this strategic gas emergency reserve. The final investment decision will be subject to Government approval and will be supported by independent assessments undertaken by financial and commercial advisory authority NewERA, as well as the Commission for Regulation of Utilities.