IRELAND is well placed to meet future gas demand, according to Bord Gais' first transmission-development statement, which provides a seven-year forecast of the demand for natural gas, sources of supply and the infrastructure requirements of the transmission system.
Bord Gais said that security of supply outlook is "positive" in the short to medium term, given the expected increase in new sources of supply from Corrib and Shannon LNG, secure interconnection with the UK and access to its diverse sources of gas.
It said that Ireland's geographical position puts it in an "advantageous position" given its proximity to politically secure North Sea production and global LNG markets.
Security
Bord Gais has called for the adoption of an appropriate security of supply standard for Ireland to enhance the country's security of gas supply in the long term, taking into account the needs of gas markets and electricity generating sector, which it says will provide a reference point for investment decisions.
It said that it has initiated discussions with EirGrid on the components of an appropriate standard and will be reporting its views to the regulatory authorities.
Michael O'Sullivan, head of gas transportation at Bord Gais, explained the impact: "When Corrib and Shannon LNG commence production, the nature of the gas flows on the existing transmission system will change, with more gas flowing from the west coast to the east coast.
"In order to accommodate this change in gas flow, the system will need to be reinforced so that demand in the main market on the east coast can be met from these new sources and to allow for the potential export of gas through the interconnection with Great Britain."
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