Dáil Éireann Debate, Tuesday - 1 July 2025
182. Deputy Roderic O'Gorman asked the Minister for Climate, Energy and the Environment if mid-2027 is the expected delivery window for GNI’s ‘Final Business Case’ to the Minister in anticipation of the 'Final Investment Decision’ regarding the provision of State-leased FSRU in Ireland; and if he will make a statement on the matter. [35812/25]
Amharc ar fhreagraThe Strategic Gas Emergency Reserve supports a secure transition to a renewable-led energy system and mitigates the risk to our society and economy of an interruption to gas supplies. The policy decision taken by Government ensures the risk of stranded fossil fuel assets is reduced as the reserve will be temporary and used in emergencies only, and does not support increased gas demand. These provisions will be underpinned by a strong policy and legislative framework that my Department is progressing as a matter of priority.
Gas Networks Ireland is now developing the business case to inform a final investment decision to be taken by Government. The project is also undergoing the relevant planning and regulatory processes. Engineering design, project costs and the cost recovery model will be assessed and considered to inform a final investment decision. The financial, operational, commercial and regulatory details will be finalised as part of these processes. Any final investment decision will be subject to Government approval and will be supported by independent assessments undertaken by NewERA and the Commission for Regulation of Utilities.
