Dáil Éireann Debate, Tuesday - 21 February 2023
159. Deputy Michael Healy-Rae asked the Minister for the Environment, Climate and Communications the way he plans to collect the windfall tax from those supplying the gas by LNG importation into the EU; if his attention has been drawn to the impact such EU legislation is having on the supply of natural gas supply and thus to the Irish consumer; and if he will make a statement on the matter. [8335/23]
Amharc ar fhreagraIreland does not have infrastructure for the importation of liquefied natural gas (LNG). Natural gas demand in Ireland is currently met through domestic production from the Corrib Gas Field and importation through interconnectors from the United Kingdom.
Council Regulation (EU) 2022/1854 on an emergency intervention to address high energy prices provides for a cap on market revenues of non-gas electricity generators and a temporary solidarity contribution on profits in the fossil fuel production and refining based sectors in Ireland.
Legislation will be required to implement the cap on market revenues and the temporary solidarity contribution. My Department is currently working on the development of this legislation.
