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Ferris welcomes establishment of Corrib Forum

6 November, 2008 - by Martin Ferris TD

The Sinn Féin Spokesperson on Natural Resources, Martin Ferris TD, welcomed the announcement that the Government is to set up a forum to attempt to settle the ongoing impasse over the development of the Corrib Gas field.

Deputy Ferris said: "I welcome the fact that the forum is to be set up and hopefully it will contribute to a resolution of the situation. I hope that the body will be a truly independent one.

"The gas would be a tremendous asset to this country especially given the current economic situation. However, there are a number of issues that need to be honestly addressed and resolved before that can take place in the proper environment.

"Firstly, there is the fact that, as the project stands, this country actually stands to gain little in terms of revenue as compared to the fiscal regimes that are in place in other countries which have oil and gas off shore. Secondly, there is the fact that there is nothing to ensure that the gas when it does come on stream will be first of all used to supply domestic requirements and thus potentially reduce costs both to domestic and business users. And finally of course there are ongoing health and safety concerns. All of these issues need to be discussed and resolved before the project can move on with the support of the community." ENDS

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