New floating gas storage facility to be funded via levy on consumer bills

The government is planning to build a state-owned floating gas storage facility by the end of the decade at a cost of hundreds of millions of euros to consumers after an in-depth review found Ireland needed to significantly improve its energy security.

On Tuesday, the government published its ‘Energy Security in Ireland to 2030’ report, which sets out 28 recommendations to ensure the country has enough power over the coming decade. The stand-out recommendation is ...