Phoenix Natural Gas, Northern Ireland's main gas utility, has shown interest in Bord Gais assets earmarked for sale.

According to the Independent newspaper, Phoenix's parent company, Terra Firma, see a move into the Irish market as a natural progression for the business.

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A company spokesman said: "We are interested in any and all energy assets.

"The potential purchase of further energy assets across the island would represent a natural fit and an expansion opportunity.

"To this end any Bord Gais assets that become available for acquisition would be very seriously considered."

Bord Gais and ESB were recommended by the McCarthy review group on state assets to be broken up.

(GK/BMcC)