Curated News
By: NewsRamp Editorial Staff
April 23, 2024
Europa Oil & Gas CEO Discusses Updated Emissions Study for Irish Offshore Gas Project
Discuss on RedditTLDR
- Europa Oil & Gas' updated emissions study positions Inishkea West as a major contributor to Ireland’s energy security, reducing reliance on higher-emission imports.
- The study reassesses emissions from Inishkea West, showing improved gas recovery efficiency and reduced well numbers needed for development.
- Inishkea West gas could satisfy nearly all of Ireland’s domestic gas demand for three years, reducing reliance on higher-emission imports and contributing to the country’s energy security.
- Inishkea West gas produces significantly lower CO2 emissions than domestically produced and imported gas currently used in Ireland, positioning it as a major contributor to the country’s energy security.
Impact - Why it Matters
The updated emissions study for Europa Oil & Gas' Irish offshore gas project has the potential to significantly reduce Ireland's reliance on higher-emission gas imports, contribute to the country's energy security, and create local job opportunities. This is important for readers as it could have a direct impact on Ireland's energy independence, environmental sustainability, and economic growth.
Summary
Europa Oil & Gas (Holdings) PLC chief executive William Holland discusses an updated emissions study for its envisaged Irish offshore gas project in an interview with Proactive's Stephen Gunnion. The study compares the emissions from Inishkea West gas, found to be significantly lower than both domestically produced and imported gas currently used in Ireland. Holland outlined the next steps for the project, including securing a partnership for further development and emphasized the economic benefits expected from the project, including substantial tax contributions to the Irish government and local job creation.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Europa Oil & Gas CEO Discusses Updated Emissions Study for Irish Offshore Gas Project
