Shannon Development warmly welcomes today’s decision (Monday 1st April ’08) by An Bord Pleanála to grant planning permission for the development of a €500 million Liquefied Natural Gas terminal by Shannon LNG on Shannon Development owned land between Tarbert and Ballylongford in Co. Kerry.
John Brassil, Chairman, Shannon Development said, “Today’s announcement is a major milestone in the development of a strategic project aimed at addressing Ireland’s future energy needs and will, I am convinced, make an important contribution to our international competitiveness in the future.
A primary activity of Shannon Development is the provision of property based solutions for Irish and foreign industry projects. We brought the potential of our Ballylongford landbank to key international industry sectors and are please that a leading global energy player of the calibre of Shannon LNG, a subsidiary of Hess LNG has been granted planning permission for this project.
Shannon Development believes that this project is an ideal fit for our site which we had designated for maritime related industry and this is why we granted an ‘option-to-purchase’ to Shannon LNG in relation to 281 acres of our 600-acre land bank. The project was officially launched by the Minister for Enterprise, Trade and Employment, Micheál Martin TD in May 2006,” Mr. Brassil concluded.
Nandi O’Sullivan
Public Relations Manager
Tel: +353 61 710259
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