Greece aims to be marine LNG hub within years

Greece aspires to become a regional marine bunkering and distribution hub for liquefied natural gas (LNG) in the Eastern Mediterranean through the European Union co-funded Poseidon Med II project.

The €53.3-million international project started in June 2015 and is scheduled to conclude in the end of 2020. It offers a practical roadmap which 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, Lemesos, Venice, Heraklion, Igoumenitsa) as well as the Revithoussa LNG terminal. The project brings together top experts from the marine, energy and financial sectors to design an integrated LNG value chain and establish a well-functioning and sustainable LNG market.


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