EU approves investment in LNG-bunkering studies across Europe

EU approves investment in LNG-bunkering studies across Europe

European Union member states approved the European Commission’s proposal to invest €22.1 million in the development of transport and energy infrastructure through its Connecting Europe Facility (CEF). 

The projects include actions proposing the development of LNG storage and fueling facilities in several European countries, with the European Union agreeing to provide a total of €8.8 million (US$9.5 million).

Ocean Finance applied for €4.48 million for its proposal to establish a natural gas supply system in Cyprus, connected to the project of common interest which is promoting the development of an LNG storage facility in Cyprus. The proposed action also includes a study into the possibility of developing an LNG market using a small-scale liquefied natural gas bunkering vessel.

Swedegas is looking to secure European funds in the amount of €2.62 million to carry out a study aimed at creating a pilot deployment of a motorway of the sea link between a small-scale LNG-to-container transshipment facility in Zeebrugge, Belgium and a ship bunkering facility in Gothenburg, Sweden.

Malta’s office of the prime minister – energy and projects sought €600,000 to assess the optimal infrastructure solutions for the development of maritime LNG bunkering in Malta.

Polish Grupa Lotos sought EC support for the feasibility study of the construction of a small-scale LNG reloading terminal in the port of Gdańsk and of LNG bunkering vessels as well as at launching the related preparatory activities. The company sought the European Union to provide up to €1 million, or 60 percent of the project’s total cost.

The expected output of the action is a set of studies and cost-benefit analyses, which aim at providing recommendations regarding the development of LNG as a marine fuel but also for the road transport along the Baltic-Adriatic corridor.

1 EUR = 1.08864 USD

 

LNG World News Staff

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