ESRI Research Bulletin

Liquefied natural gas and gas storage valuation: Lessons from the integrated Irish and UK markets

ESRI Research Bulletin Articles provide short summaries of work published by ESRI researchers and overviews of thematic areas covered by ESRI programmes of research. Bulletin Articles are designed to be easily accessible to a wide readership. A reference or references to the full publication is included at the start of each Bulletin article.

March 4, 2019
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This research evaluates the potential effects for consumers in both Ireland and the UK of two new natural gas projects. The first project is an Irish Liquefied Natural Gas (LNG) facility to import gas, such as the Shannon LNG facility in Co. Kerry; the second project is an Irish natural gas facility to store gas for later consumption, such as the Islandmagee Underground Gas Storage facility in Northern Ireland. Both projects have been proposed by the EU as key European Projects of Common Interest to integrate Europe’s energy markets and diversify the supply of energy sources.