CORE LNGas project wins EU backing

The European Commission has selected the CORE LNGas project to promote LNG as fuel, particularly for maritime transport of the Iberian Peninsula.

EU selected the CORE LNGas hive initiative among the projects submitted for the 2014 Connect Europe Facility (CEF) Transport Calls for the development of the Trans-European Transport Networks.

The project will receive financial support of €16.5Mn from the European Commission. The total investment in the project will amount to €33Mn, Spain’s Enagás said in a statement on Wednesday.

The project led by Puertos del Estado and coordinated by Enagás involves 42 partner entities in Spain and Portugal: 8 state-owned institutions; 13 port authorities; 21 industrial companies such as LNG operators, shipbuilders, and regasification companies.

The project’s execution is planned to last until 2020 and the institutional presence in the project aims to build on its developments to put forward a National Policy Framework for LNG use as maritime fuel in Spain, the statement said.

The aim of the project is to develop “a safe and efficient, integrated logistics and supply chain for LNG in the transport industry, particularly for maritime transport of the Iberian Peninsula“. It involves 20 studies, to be conducted by the partner companies for adaptation of infrastructure and logistical – commercial development in order to offer small-scale supply services and bunkering.

In accordance with EU Directive 2014/94 on the deployment of alternative fuels infrastructure (Clean Power for Transport), this project “will contribute to the decarbonisation of the Mediterranean and Atlantic corridors,” Enagás said.

With 8 regasification plants, the Iberian Peninsula is “geostrategically positioned and possesses LNG logistics know-how key to the development of the project and the consolidation of the region’s leadership in this field,” the Spanish company added.

 

LNG World News Staff