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.

- Advertisements -

Most Popular

China’s Wison wins Indonesian FLNG gig from Genting

China's Wison New Energies has secured a contract from a unit of Genting to build a floating LNG unit...

Japan’s Chiyoda provides Golden Pass LNG update

Japan's engineer Chiyoda has released an update regarding the construction of the Golden Pass LNG export project in Texas,...

South Korea’s Hanwha to increase stake in NextDecade

South Korean conglomerate Hanwha has agreed to buy more shares in US LNG firm NextDecade to increase its stake...

More News Like This

Italian FSRU arrives in Marseille to complete maintenance activities

Italy’s OLT Offshore LNG Toscana said that its FSRU Toscana has arrived in the French port of Marseille to...

Greek LNG imports down in Q1

Liquefied natural gas (LNG) deliveries to Greece’s Revithoussa terminal decreased by 27.1 percent in the first quarter of this...

Italy’s OLT expects to resume FSRU ops in mid-October

Italy’s OLT Offshore LNG Toscana said it expects its FSRU Toscana to resume operations from mid-October this year after...

Italy’s Piombino FSRU gets first cargo from Eni’s Congo LNG project

Snam's Piombino FSRU-based terminal in Italy has received the first liquefied natural gas cargo produced at Eni's Tango floating...