Gas usage jumps in first quarter as wind share falls
Data centres and transportation among the sectors in Ireland driving surge in demand for gas power
Fri, 23 Apr, 2021 - 20:24
Geoff Percival
Gas provided nearly 45% of Ireland’s power generation in the first quarter of the year, up nearly 5% on the same period last year as wind contribution fell by over 7%.
There was high demand for gas fuel across data centres, transport, manufacturing, and the pharmaceutical sector.
“Gas again highlighted its critical role in Ireland’s energy mix, meeting an 8% increase in demand from February to March as the availability of wind to generate electricity fell significantly,” said Brian Mullins, head of regulatory affairs at Gas Networks Ireland.
Investors spooked as Providence Resources terminates Barryroe funding deal
Shares in Irish explorer plummeted as much as 18% after it said it would likely have to tap investors for more money after terminating partner deal for its Barryroe oil and gas field off Cork coast
Providence Resources has said the development of its Barryroe oil and gas field, off the Cork coast, remains on track despite the breakdown of its latest funding deal.
Thu, 22 Apr, 2021 - 14:22
Geoff Percival
Shares in Irish explorer Providence Resources plummeted as much as 18% after it said it would likely have to tap investors for more money after terminating the development partner deal for its Barryroe oil and gas field, which lies off the Cork coast.