Friday, October 2, 2026. IRELAND ENERGY OVERVIEW. Energy import dependency 78.2% (4th highest EU). Natural gas imports >82%. Strategic LNG reserve advance underway. NATURAL GAS: Imports Aug 2026 12,883 TJ (up from 11,880 TJ Jul). >82% sourced externally. Supply breakdown (2026 summer): GB pipeline ~85.2%, Corrib indigenous ~14.8% (down from peak), biomethane <0.1%. No domestic storage/LNG currently. Indigenous production Q1 2026 down ~16% vs 2025, imports up ~5%. CORRIB GAS FIELD (offshore): Production ~14.8% summer demand (down from ~20% historical). Depletion early 2030s, reduced through late 2020s. Operators Vermilion (majority), Nephin (43.5%). Status declining, import dependence increasing. Exploratory licenses extended FEL 3/19 & 4/19 (Slyne Basin, ~18km east). Infrastructure maintenance ongoing 2026. Repurposing discussions (wind/hydrogen/storage post-depletion). SGER LNG PROJECT: Location Cahiracon, Co. Clare (Shannon Estuary). Operator Gas Networks Ireland (state-led). Technology FSRU. Legislation Act signed July 2026 (streamlined approval). Planning end-2026. Operation ~2030. Capacity emergency backup (7-day state/months home). U.S. fracked LNG consideration (New Mexico). Prior fracked-gas import bans removed. PRIVATE LNG: Shannon LNG/FSRU (Tarbert) ~6 mtpa, proposed, legal/planning hurdles. ELECTRICITY & RENEWABLES: Renewable 49% (Mar 2026), wind 38% record (Apr). Capacity 8 GW (5 GW wind, 2.3 GW solar), solar >3 GW summer >1/3 demand. Onshore dominant, 2nd-largest after gas. Wind curtailment H1 ~15% (~667k homes). Target 80% renewable 2030 (22 GW: 9 GW wind, 5 GW offshore). GAS GENERATION: Largest source up 93%, min 12%, avg 43% H1. Critical reliability/flexibility. POLICY: Electrification plan mid-century. Shift the Switch (renewables usage, reduce imports, grid stability). RESS 6 NZIA compliance. Public support 71% renewables (down from 77%). Data centre growth €7B+ costs 2018-2037. EirGrid H1 milestones. STRATEGIC: Declining Corrib + renewable delays = LNG reliance. EU 4th-highest import dependency. Security paramount. Ireland >82% gas imports (12,883 TJ Aug), GB 85.2%, Corrib 14.8% declining depletes early 2030s. SGER FSRU operational ~2030 emergency backup. Fracked U.S. LNG option. Renewables 49%, wind 38% record, 8 GW capacity (5 wind, 2.3 solar), target 80% 2030. Gas 43% avg generation essential reliability. Electrification plan acceleration. Data centre expansion headwind. Supply security focus.
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