The Greens are looking to ban future gas exploration in their government formation talks with Fianna Fáil and Fine Gael.
More worryingly, Fianna Fáil and Fine Gael have said they are open to it. If the Greens get their way, we will be locking ourselves into a future where we are 100pc reliant on post-Brexit Britain for our natural gas supply. This is not a smart idea.
Concerns have already been raised by the International Energy Agency (IEA) on Ireland's dependence on UK gas imports.
In a 2019 review, the IEA stated, "There is high reliance on a limited amount of gas infrastructure, raising concerns for security of gas supply in Ireland".
Recent reports in the print media suggest the Attorney General shares some of these concerns too, particularly in relation to how Ireland can meet its energy security obligations to the EU.
Why is there so much concern? Ireland relies very heavily on gas for its electricity generation and it has no storage capacity to speak of.
So, if something were to happen to the gas supply we get from the single pipeline we have with the UK, Ireland would have a big problem.
While people may dispute the amount of gas we will ultimately need, what is clear is that we are going to need a lot of it for many years to come.
The Corrib field has already passed peak production and will account for less than 20pc of Ireland's gas needs by 2025.
So there is just one choice to be made in the coming days. Will we try to produce some of the gas we need, or will we choose to rely on higher-emission imports from post-Brexit Britain?
The carbon footprint of something produced locally is always lower than something produced hundreds or thousands of kilometres away (much of the gas we import from the UK comes from countries like Norway and Qatar).
We all know this, it's why many of us try to buy locally produced food over foreign imports when we're doing our shopping.
Why should we be looking at our gas any differently? It seems odd that our political parties would actively choose to import all our gas over the possibility of using local production, yet this is what they appear to be considering.
A ban on future gas exploration would kill the chances of Ireland finding new gas reserves under existing licences.
No one with an existing licence will be able to attract the type of companies we need and the hundreds of millions of euro of investment required to explore and develop a new gas field.
This would be a terrible outcome for a country as dependent as we are on energy imports and a huge loss to the exchequer in jobs and investment right along the western seaboard (it's estimated Corrib will contribute €6bn to Ireland's GDP over its lifetime).
The discovery of a new gas field will only add to the country's security of supply, it will not mean less renewable energy.
Ireland installed a record amount of wind capacity (532MW) in 2017, the same year Corrib reached peak production, and the dispatch rules on our national grid ensure renewables will always be given priority over fossil fuels for electricity.
As recently as December 17, 2019, the Government published a policy statement on petroleum exploration.
The Government mentioned the "requirement to protect Ireland's energy security", including referencing the economic and environmental benefits "of using indigenous over imported sources... in terms of lower carbon impact, employment and tax yield".
In recognition of this, the Government announced it was going to commission an energy security review this year.
So, has anything changed since then to justify us moving from this rather sensible approach? Quite the contrary.
As we all know, the world has become a much more uncertain place due to the Covid-19 pandemic. Ireland's businesses and its finances are likely to be under pressure for many years to come.
Is this the time to sacrifice our energy security and the economic benefits derived from producing our own gas? I don't think so.
Let us carry out a proper energy security review. Let it inform the decisions we take towards our energy policy.
Otherwise there is a very real risk that over the coming days, due to the understandable pressure to form a government, short-term political decisions will be taken that result in bad long-term policies for Ireland's economic and energy future.
Tom O'Brien is managing director of Nephin Energy. Nephin holds a 43.5pc interest in the Corrib gas field.