Predator FSRU

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Predator FSRU, also known as Mag Mell FSRU, is a proposed LNG import terminal in Ireland.

Location

Table 1: Location details

Name Location Coordinates (WGS 84)
Predator FSRU Ireland[1][2][3] 51.264274, -8.045619 (approximate)

The map below shows the approximate location of the terminal:

Loading map...

Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year
Name Facility type Status Capacity Total terminal capacity Offshore Associated infrastructure
Predator FSRU import[1] proposed[4] 1.91 mtpa[5] 1.91 mtpa True Corrib Oil and Gas Field[6]

Table 3: Cost

Name Facility type Cost Total known terminal costs
Predator FSRU import[1] – –

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward
Name Facility type Status Proposal year FID year Construction year Operating year Inactive year
Predator FSRU import[1] proposed[4] 2020[7] – – –[7][7] –

Ownership

Table 5: Ownership

Name Facility type Status Owners Parent companies Operator
Predator FSRU import[1] proposed[4] Predator Oil & Gas [100%][1] Predator Oil & Gas [100.0%] –

Background

In September 2020, Predator Oil & Gas completed its timeline for commissioning the floating LNG import terminal in Ireland, with first gas deliveries from the project expected in the first half of 2024.[8]

The company said it had made progress with regulatory authorities, gas infrastructure owners, gas buyers and the FSRU provider "to establish an offshore LNG opportunity for Ireland to import LNG that does not use shale gas as a LNG feedstock." That is key to the project's success after the new Irish government said in June 2020 that it did not support the import of "fracked gas" and would develop a policy to establish that position.[8]

In March 2021, Predator's CEO Paul Griffiths claimed the project was being "accelerated" in light of advances in the regulatory process.[9]

In June 2021, Predator said that a consultancy acting on its behalf had prepared and submitted a report about the project proposal to the Draft Cork County Development Plan 2021 for public consultation. The company has named the project 'Mag Mell' after the mythical Irish kingdom beneath the ocean. An Irish government imposed moratorium on the development of all LNG import terminals remains in place until the end of 2021 when a review of Ireland's energy supply security is expected to be completed.[10]

In May 2022, Predator Oil and Gas urged the Irish government to approve the Mag Mell FSRU project to bolster the security of its national gas supply in the face of the Russia-Ukraine war.[11] In promoting the project, Predator CEO Paul Griffiths noted that Ireland currently has no LNG infrastructure and is 100% dependent for gas supply on the Corrib Oil and Gas Field (the country's lone producing domestic field), together with imports from the United Kingdom.[11] As currently proposed by Predator, the project would involve mooring a pair of FSRUs (floating storage and regasification units) 50 km off the Cork coast, and transporting gas to shore via the currently disused Kinsale Head gas pipeline.[12][11]

As of July 2024, there have been no project updates in over two years, and the project is presumed to be shelved.

In May 2025, Predator Oil & Gas provided an operational update it which it said, "The Mag Mell FSRU desktop LNG project is being updated in preparation to present in Ireland as the preferred option to address the ongoing debate concerning the security of energy supply."[13] The project was once again considered to be proposed.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/093020-uks-predator-eyes-first-gas-deliveries-from-planned-irish-fsru-in-h1-2024. {{cite web}}: Missing or empty |title= (help)
  2. ↑ (PDF) https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/03/Predator-Oil-Gas-Corporate-update-7-March-2022-1.pdf. {{cite web}}: Missing or empty |title= (help)
  3. ↑ (PDF) https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/05/Mag-Mell-white-paper-on-reuse-of-Kinsale-infrastructure-for-LNG-23.05.22.pdf. {{cite web}}: Missing or empty |title= (help)
  4. ↑ 4.0 4.1 4.2 https://www.advfn.com/stock-market/london/PRD/stock-news/95987132/predator-oil-gas-holdings-plc-operational-update. {{cite web}}: Missing or empty |title= (help)
  5. ↑ https://www.gie.eu/transparency/databases/lng-database/. {{cite web}}: Missing or empty |title= (help)
  6. ↑ https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/052522-uks-predator-urges-ireland-to-embrace-lng-halt-key-pipeline-decommissioning. {{cite web}}: Missing or empty |title= (help)
  7. ↑ 7.0 7.1 7.2 https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/093020-uks-predator-eyes-first-gas-deliveries-from-planned-irish-fsru-in-h1-2024. {{cite web}}: Missing or empty |title= (help)
  8. ↑ 8.0 8.1 Stuart Elliot, UK's Predator eyes first gas deliveries from planned Irish FSRU in H1 2024, S&P Global, Sep. 30, 2020
  9. ↑ Stuart Elliot, Ireland advises against all LNG project developments during energy review, S&P Global, May 14, 2021
  10. ↑ Stuart Elliot, UK-listed Predator moves forward with plans for floating Irish LNG terminal, S&P Global, Jun. 25, 2021
  11. ↑ 11.0 11.1 11.2 Elliott, Stuart (May 25, 2022). "UK's Predator urges Ireland to embrace LNG, halt key pipeline decommissioning". S&P Global.{{cite web}}: CS1 maint: url-status (link)
  12. ↑ "Keeping Ireland's Energy Flowing: How Ireland can repurpose existing Kinsale infrastructure to help insulate itself from rising gas prices" (PDF). Mag Mell Energy Ireland / Predator Oil & Gas. May 2022. {{cite web}}: line feed character in |title= at position 100 (help)CS1 maint: url-status (link)
  13. ↑ https://www.advfn.com/stock-market/london/PRD/stock-news/95987132/predator-oil-gas-holdings-plc-operational-update