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Revithoussa LNG terminal awarded €40 million loan for expansion

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LNG Industry,

The European Investment Bank (EIB) has announced that it has agreed to €285 million worth of loans to support Greek energy projects. This will include a loan of €40 million to the Hellenic National Gas System Operator (DESFA). This loan is the second tranche of the total €80 million loan, which is being used to extend an LNG terminal on the island of Revithoussa, Greece.

More specifically, the expansion will include upgrading the marine facilities, constructing a third storage tank, installing additional cryogenic send-out equipment and upgrading the metering system.

Overall, the expansion of the terminal will further ensure security of supply and improve the load and mass balancing of the gas transmission system. Furthermore, by allowing most of the global LNG fleet the ability to unload at the terminal, it will increase competition amongst shippers.

Edited from press release by David Rowlands

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