The government of Ireland has approved a Floating Storage and Regasification Unit (FSRU) in order to boost the country’s energy security and gas emergency reserves.
It will be owned on behalf of the state by system operator Gas Networks Ireland, in a similar approach to that taken by the country for oil security with the National Oil Reserves Agency.
The government said the “temporary” reserve would comply with EU standards and regulations.
Minister Darragh O’Brien said the approval follows extensive research, analysis and engagement in relation to Ireland’s energy security needs.
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