This Policy Statement sets out a vision for natural gas in the Irish Offshore as a key component of our energy mix as we transition to a low carbon economy.
(A) The underpinning principles for petroleum exploration and production in the broader context of the Government's Climate Action Plan;
(B) The future development management framework for the exploration and production of natural gas, as a transition fuel, in Ireland's offshore; and,
(C) The energy security rationale for natural gas, including:
- The need for back-up capacity for renewable power generation via lower CO2 emitting fossil fuels (natural gas);
- The impact of the reduction of peat, coal and oil use on gas demand;
- Our increasing reliance on imports given the decline of current indigenous supplies, also mirrored by a growing reliance at EU-level on imports (74% from outside the EU and growing).