“In addition to exports, there are other benefits from deeper co-operation and greater energy trading between Britain and Ireland. As trusted friends, with close personal, business and government to government connections, Britain and Ireland can each have confidence in security of supply from the other. Much of Ireland’s gas comes through Britain and we would welcome Irish-generated electricity forming part of Britain’s energy mix. We hope that our open and competitive energy market will make it possible for Irish companies to increase their market presence there in the future. There is clear political commitment behind this co-operation. Some of you may be aware that earlier this year Ministers from the Governments of the United Kingdom, the Northern Ireland Executive, the Irish Republic, the Channel Islands and the Isle of Man signed up to co-operate on exploiting the major wind and marine resources in and around the islands.