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Posts on ‘August 29th, 2018’

Firm doesn’t expect tax bill over €362m Corrib revenues

Public protests in Ireland about Shell led Corrib Gas Project

Gordon Deegan: 

The Corrib Gas partners have reported a 25pc jump in revenues to €362m in the first half of this year in spite of external electricity supply issues hitting production at its gas terminal in the second quarter.

That is according to new quarterly figures provided by Canadian firm Vermilion.

It said production between April and the end of June decreased 7pc quarter-over-quarter and 11pc year-over-year for the first six months.

However, sales for the first six months were up by 25pc to €362m (Can$549m) on the same period last year. read more

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