Strategic advantages of developing local Manx gas resources.
Energy Security
Local gas could provide energy security to shield the Island from global supply shortages.
Price Security
Could provide capped gas prices to IoM customers to prevent energy price spikes feeding through to household bills.
Tax Revenue
Will provide billions of pounds of tax revenue to the island.
Net Zero Compliance
Will reduce CO2 emissions as local gas has lower emissions than imported gas, and could form part of a UK Carbon Capture and Storage system to provide emissions-free electricity to the Island.
Visual Impact
Sea-bed well-heads connecting to a 30m tall unmanned installation approximately 10 miles off the coast.
No CO2 Emissions at Source
Compressor power supplied from shore.
