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Released September 03, 2019 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Greece's Environment & Energy Ministry has given the green light for the construction of liquefied natural gas (LNG) facilities at the southern port of Patras.
As part of the European Union (EU's) Poseidon Med II project, the supply and storage facilities project is a big step forward for Greece's fledgling LNG infrastructure. The LNG project will encompass a total of 25,000 square metres near the Glafkos River estuary, within the territory of the port, and will have a total storage capacity of 3,000 cubic metres (m3). In making its decision, the Ministry cited the "positive impacts on the natural and anthropogenic environment in a wider area directly affected by the project, as well as on the benefits to the national economy, national security and public health." Greece is seen as a key gas hub location for the EU in securing alternative gas supplies in southeastern Europe.
Last December, Industrial Info reported on the commissioning of a new LNG tank at Greece's only LNG regasification terminal, at Revithoussa, an islet in the Gulf of Megara, west of Athens. The new tank has a capacity of 95,000 cubic metres of gas, bringing the terminals total capacity to 225,000 m3, up from 130,000 m3. The gasification rate also has been boosted by 40% to 1,400 m3 per hour from 1,000 m3 per hour. For additional information, see December 5, 2018, article - Greece Expands Only LNG Terminal.
The Poseidon Med II program is described as a "practical roadmap" that aims to bring about the wide adoption of LNG as a safe, environmentally efficient and viable alternative fuel for shipping and help the East Mediterranean marine transportation propel towards a low-carbon future. The project, which is co-funded by the European Union, involves three countries (Greece, Italy and Cyprus), six European ports (Piraeus, Patras, Limassol, Venice, Heraklion and Igoumenitsa) as well as the Revithoussa LNG terminal.
Shipping companies will have to comply with new International Maritime Organization standards--IMO 2020--next year, which will require the marine sector to reduce sulphur emissions by more than 80%. The European Union has identified LNG as an important vessel fuel and requires all major ports in Europe to provide LNG by 2025. A key study released earlier this year, The Life Cycle GHG Emission Study on the Use of LNG as Marine Fuel, found that LNG can provide a significant reduction in greenhouse gas emissions for the international shipping industry as it faces strict emissions legislation coming into force next year. It was funded by the SEA\LNG coalition of shipping companies, classification societies, ports, major LNG suppliers, LNG bunkering companies, infrastructure providers, engine makers and original equipment manufacturers. It also found that emissions of other local pollutants, such as sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter (PM), are close to zero when using LNG compared with current conventional oil-based marine fuels. For additional information, see April 23, 2019, article - LNG Can Help Shipping Sector Significantly Reduce Emissions.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
As part of the European Union (EU's) Poseidon Med II project, the supply and storage facilities project is a big step forward for Greece's fledgling LNG infrastructure. The LNG project will encompass a total of 25,000 square metres near the Glafkos River estuary, within the territory of the port, and will have a total storage capacity of 3,000 cubic metres (m3). In making its decision, the Ministry cited the "positive impacts on the natural and anthropogenic environment in a wider area directly affected by the project, as well as on the benefits to the national economy, national security and public health." Greece is seen as a key gas hub location for the EU in securing alternative gas supplies in southeastern Europe.
Last December, Industrial Info reported on the commissioning of a new LNG tank at Greece's only LNG regasification terminal, at Revithoussa, an islet in the Gulf of Megara, west of Athens. The new tank has a capacity of 95,000 cubic metres of gas, bringing the terminals total capacity to 225,000 m3, up from 130,000 m3. The gasification rate also has been boosted by 40% to 1,400 m3 per hour from 1,000 m3 per hour. For additional information, see December 5, 2018, article - Greece Expands Only LNG Terminal.
The Poseidon Med II program is described as a "practical roadmap" that aims to bring about the wide adoption of LNG as a safe, environmentally efficient and viable alternative fuel for shipping and help the East Mediterranean marine transportation propel towards a low-carbon future. The project, which is co-funded by the European Union, involves three countries (Greece, Italy and Cyprus), six European ports (Piraeus, Patras, Limassol, Venice, Heraklion and Igoumenitsa) as well as the Revithoussa LNG terminal.
Shipping companies will have to comply with new International Maritime Organization standards--IMO 2020--next year, which will require the marine sector to reduce sulphur emissions by more than 80%. The European Union has identified LNG as an important vessel fuel and requires all major ports in Europe to provide LNG by 2025. A key study released earlier this year, The Life Cycle GHG Emission Study on the Use of LNG as Marine Fuel, found that LNG can provide a significant reduction in greenhouse gas emissions for the international shipping industry as it faces strict emissions legislation coming into force next year. It was funded by the SEA\LNG coalition of shipping companies, classification societies, ports, major LNG suppliers, LNG bunkering companies, infrastructure providers, engine makers and original equipment manufacturers. It also found that emissions of other local pollutants, such as sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter (PM), are close to zero when using LNG compared with current conventional oil-based marine fuels. For additional information, see April 23, 2019, article - LNG Can Help Shipping Sector Significantly Reduce Emissions.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Our European headquarters are located in Galway, Ireland. Follow IIR Europe on: Facebook - Twitter - LinkedIn For more information on our European coverage send inquiries to info@industrialinfo.eu or visit us online at Industrial Info Europe.
