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EU to co-finance LNG shipping studies

LNG Industry,

The European Union (EU), together with the TEN-T Programme, will provide approximately €1 million to finance a series of studies to develop liquefied natural gas (LNG) as a fuel for ships on the Spanish Mediterranean coast.

The studies were selected for funding under the 2012 TEN-T Annual Programme's priority on new technologies for transport infrastructure. They aim to overcome the existing barriers for developing a LNG bunkering supply chain in the region.

LNG shipping fuel

The use of LNG as shipping fuel is encouraged by the European Union.

The studies will address the transition of maritime fleets and port facilities, reducing the time-to-market of the LNG bunkering service in the Spanish Mediterranean ports. The technical, operative, economic and legal aspects of LNG bunkering vessel operations will be analysed and there will be an evaluation and design of an optimised LNG supply chain in key Spanish ports of the Mediterranean.

Adapted from press release by Katie Woodward

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