24.4 C
New York
August 23, 2019
ECONOMY

LNG facilities at the south port of Patras get ministry approval

The Environment & Energy Ministry gave the go-ahead to the construction of liquid natural gas (LNG) facilities at the south port of Patras, the central Greek city, on Monday.

The supply and storage facilities project comes under the Poseidon Med II program and will cover a total of 25,000 square meters near the Glafkos River estuary, within the territory of the port. It will have a storage capacity of 3,000 cubic meters.

Poseidon Med II is cofunded by the EU and involves Greece, Italy and Cyprus. It includes six European ports – Piraeus, Patas, Iraklio, Igoumenitsa, Limassol and Venice – and the terminal LNG station at Revythoussa, in the Saronic Gulf.

LNG will provide alternative fuel for shipping, and before approving the project the Ministry considered environmental repercussions, and benefits to the economy, security and public health of Greece.

Related posts

1st Annual Eastern Mediterranean Energy Leadership Summit in Athens,

greek

Gov’t to reduce interest rate on outstanding social insurance payments

greek

Production of steel tubes more than doubled in 2018, ICAP survey says

greek

National Bank sells secured NPLs worth 900 million euros

greek

Monetary developments in the euro area: June 2019

greek

Investment Min.: Hellinikon casino tender to be extended; PPPs for investment proposals

greek