Third LNG tank construction at Revithoussa gets green light

LNG terminal on the island of Revithoussa in Greece will get a second upgrade in the form of a third LNG tank that received a construction approval on July 16.

DESFA’s Chief Executive Officer, Konstantinos Ksifaras, highlighted that the issuance of the construction approval for the third tank, a project valued at EUR 156.28 million, coincides with a very critical period for the European energy security supply.

“The unhindered implementation of the project for the 2nd upgrade of Revythoussa, which is expected to be completed in 2016, is going to increase the facility’s storage capacity by 73%, while allowing the import of LNG from more sources. It will also contribute to the increase of the LNG storage period within the facility for more than 18 days,“ he said.

The project for the second upgrade of the LNG terminal in Revithoussa also includes:

• • The increase of the Station’s gasification rate by 40%;
• • The upgrade of the port facilities that will enable berth of bigger vessels up to 260.000 m3;
• • The upgrade of the Metering Station in the entry point of Aghia Triada.

The European Investment Bank (EIB) has already authorized an EUR 80 million loan for the implementation of the project.

LNG World News Staff, July 23, 2014