Shannon Development owns a 600 acre (240 Hectare) landbank, which is located between Tarbert and Ballylongford in North County Kerry. Shannon Development has retained and marketed this landbank for maritime related industry due to its close proximity to deep, sheltered, navigable waters in Ireland's Shannon Estuary. The landbank was branded 'Kerry Deepwater Zone' and is a flagship project for Shannon Development.
Shannon Development entered into a Purchase Option Agreement with Shannon LNG Ltd. in relation to up to 281 acres (115 Hectares) at Kerry Deepwater Zone for the development of Ireland's first Liquefied Natural Gas (LNG) importation and storage facility. This project has the potential to provide a regional solution to Ireland's energy situation by enhancing security and diversity of energy supply.
Shannon LNG is owned by HESS Corporation, a global energy company which is quoted on the New York Stock Exchange (NYSE: HES). HESS Corporation has annual sales of approx. $30 Billion.
Shannon LNG has been granted planning permission for its proposed facility under Ireland's Strategic Infrastructure Development Act. Full details are available at www.shannonlngplanning.ie
Shannon Development continues to market its remaining lands at Kerry Deepwater Zone for maritime related industry.
Ireland’s Shannon Region accounts for about 10% of the country’s land area and population. The University city of Limerick (www.limerick.ie) is the region’s capital. Leading companies like GE, Intel, Emerson, EMC, Johnson & Johnson and many more have chosen the Shannon Region for major foreign direct investment projects
Shannon Development
Established in 1959, Shannon Development is a government owned regional development company dedicated to promoting and developing the Shannon Region of Ireland. Shannon Development has fifty years experience of attracting foreign investment and works closely with Local and Planning Authorities, Development Agencies, local communities and the investment community. Shannon Development owns and/ or manages numerous industrial parks throughout the region.