EU stumps up one-third of €93m gas pipeline costs
Published 16/05/2015 | 02:30
A new €93m pipeline linking Ireland to Scotland's gas network has been given the green light by regulators.
State infrastructure agencies Gaslink and Gas Networks Ireland said the new 50km natural pipeline will enhance Ireland's energy security.
The project will be part funded with €33.7bn of European Union grant aid and is to create a pipeline parallel to existing infrastructure that already connects us to UK gas.
The second link to Scotland is "essential to safeguarding Ireland's energy security and future economic growth," the two agencies claimed.
Ireland gets around 95pc of its natural gas from the UK, a second pipeline won't change that but will make the supply link less vulnerable.
Last month Europe's Energy Commissioner Arias Canete said security of supply was a major issue, and that we need a liquefied natural gas (LNG) on the Shannon to process gas brought here by ship.