LNG for the passenger and shipping transport between the Greek Islands

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European Commission backs LNG as Marine Fuel in the Aegean

                  NewsFront, 23/1/2015

The EU Transport Network Executive Agency (TEN – T) Programme will invest almost € 600,000 in a study for the promotion of LNG use in Greek maritime transport. The greener and cheaper LNG could contribute to reducing transport emissions and fuel supply costs in the Aegean Sea. Announcing the funding, the European Commission (EC) said the study aims to promote LNG for the passenger and shipping transport between the Greek Islands. It will bring together a number of key LNG value chain stakeholders with the objective to identify the technical and economic framework for LNG as a marine fuel in the South Aegean. Specifically, the group will look into the main supply chain options, required retrofits and infrastructure in ports, ships and shipyards, as well as business plans for each operator. Set to be completed by December, the project will provide recommendations to the Greek government in view of supporting the legislative process in this field. The project was selected for EU funding with the assistance of external experts under the TEN – T Annual Call 2013, priority “Decarbonisation / oil substitution or environmental cost reduction”. Its implementation will be monitored by INEA, the EC’s Innovation and Networks Executive Agency.