EU funds Canary Islands LNG study
The EU’s TEN-T Programme will back with almost €500,000 a study on the storage and use of liquefied natural gas in the Spanish Canary Islands.
The economically attractive LNG could help reduce road and short sea transport emissions in the archipelago.
The project will study the possibilities of introducing LNG in the Canary Islands to break the current dependence on oil and contribute to a reduction in energy costs and improved air quality.
In particular, the project will identify the short and medium-term market demand for LNG and compressed natural gas (CNG), assess the feasibility and cost of delivering LNG to the Canary Islands, analyse storage and supply, as well as study the possible transfer of the solution to other remote European regions.
The project was selected for EU funding with the assistance of external experts under the TEN-T Annual Call 2013, priority ‘Decarbonisation / oil substitution or environmental cost reduction’. Its implementation will be monitored by INEA, the European Commission’s Innovation and Networks Executive Agency.
The project is to be completed by 31 December 2015.