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

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.