Greece’s DESFA takes FID to build Revithoussa small-scale LNG jetty

Greece’s DESFA has recently taken a final investment decision to build a small-scale jetty at its LNG import terminal located on the island of Revithoussa, boosting bunkering opportunities in the region.

The project has a price tag of about 20.4 million euros ($24.6 million) and the Greek gas grid and LNG terminal operator expects to launch the new jetty in September next year, according to its development plan.

DESFA revealed studies for the project last year as part of the POSEIDON MED II LNG bunkering initiative. It also signed a contract for a truck loading station at the facility scheduled for completion this year.

The Greek firm will build the jetty in the northeastern part of the island located in the gulf of Pachi at Megara, 45 km west of Athens. The new jetty will have the capacity to load small-scale ships ranging in size from 1,000 cbm to up to 28,000 cbm.

Moreover, the smallest vessels will supply the fuel to LNG-powered cruisers, containerships, and other ships primarly in the port of Piraeus but also other locations, according to DESFA.

The larger ships will supply satellite LNG storages and distribution stations to other ports in
Greece, such as Patras, as planned in the Poseidon Med II program, as well as islands
through virtual pipeline schemes, it said.

DESFA said it has applied for a grant with the National Strategic Reference Framework (NSRF), which would cover 50.4 percent of the total project’s cost.

In addition, the firm plans to use cash reserves or secure a loan for the rest.

Italy’s Snam holds a controlling stake in DESFA via Greece-based joint venture Senfluga Energy Holdings.

The venture has a 66 percent stake in DESFA and consists of majority owner Snam, Spain’s Enagas, Belgium’s Fluxys, and Copelouzos Group’s Damco.

Most Popular

Excelerate buys GasLog LNG carrier

US FSRU player Excelerate Energy has purchased a 2007-built steam liquefied natural gas (LNG) carrier from GasLog Partners, a part of Greek LNG shipping firm GasLog, according to brokers.

Bangladesh receives boost from World Bank to buy LNG supplies

The World Bank has approved a project aimed at helping Bangladesh's state-owned company Petrobangla to secure liquefied natural gas (LNG) supplies.

Kimmeridge’s Commonwealth LNG gets FERC approval

Kimmeridge's Commonwealth LNG has received the Federal Energy Regulatory Commission’s final order upholding authorization for its planned 9.5 mtpa LNG export project near Cameron, Louisiana.

More News Like This

Italian FSRU operator to hold new regas capacity auctions in July

Italy’s OLT Offshore LNG Toscana, the operator of the FSRU Toscana, will hold new regasification capacity auctions in July.

Snam CEO Venier steps down

Snam's CEO, Stefano Venier, will step down as the chief executive officer and general manager of the Italian LNG terminal operator at the end of this month.

Snam, SPP extend LNG MoU

Italian LNG terminal operator Snam has extended its memorandum of understanding with Slovakia’s gas supplier SPP with the aim of assessing potential cooperation on security of natural gas supplies.

Italian FSRU operator allocates 160 regasification slots

Italy’s OLT Offshore LNG Toscana, the operator of the FSRU Toscana, has allocated 160 regasification slots up to 2042 following the completion of multi-year capacity auctions.