Gordon Deegan: 2 Oct 2019
The Canadian-owned entity that acquired Shell Ireland’s 45 per cent interest in Corrib gas has already taken €414.8 million in dividends from the operation of the gas field.
Nephin Energy Holdings, which is owned by the Canadian Pension Plan Investment Board, has just filed its first set of accounts since the Canadian group agreed in 2017 to purchase Shell Ireland’s interest in Corrib Gas for €903 million.
Nephin paid a dividend of €382.4 million to its Canadian parent last year and a further €32.4 million in April and May of this year.