Predator FSRU
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
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:
Project Details
Table 2: Infrastructure details
| 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
| 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
- ↑ 1.0 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) - ↑ (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) - ↑ (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) - ↑ 4.0 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) - ↑ https://www.gie.eu/transparency/databases/lng-database/.
{{cite web}}: Missing or empty|title=(help) - ↑ 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) - ↑ 7.0 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) - ↑ 8.0 8.1 Stuart Elliot, UK's Predator eyes first gas deliveries from planned Irish FSRU in H1 2024, S&P Global, Sep. 30, 2020
- ↑ Stuart Elliot, Ireland advises against all LNG project developments during energy review, S&P Global, May 14, 2021
- ↑ Stuart Elliot, UK-listed Predator moves forward with plans for floating Irish LNG terminal, S&P Global, Jun. 25, 2021
- ↑ 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) - ↑ "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) - ↑ https://www.advfn.com/stock-market/london/PRD/stock-news/95987132/predator-oil-gas-holdings-plc-operational-update
