“the employment of lng in east mediterranean” “the employment of lng in east mediterranean”...

“The Employment of LNG in East Mediterranean”

Dr Panayotis Zacharioudakis, R&D Director OceanFinance

Efficient shipping operations – Transport and Traffic Management, safety and the Human element

VENICE, Motorways of the Sea Conference on Efficient Shipping Operations2

Presentation Outline

Introduction

Poseidon-Med Project @ a Glance

Facts and Figures

Consortium

Towards LNG Era


Mainly Scope:

Create LNG Bunkering in East Med with

Piraeus as a Hub – (Hub & Spoke

Network)

But also:

Distribute LNG Cargoes to Satellite

Ports and LNG Import Terminals

Increase Security of Supply &

Diversification of Sources and Routes

Explore Synergies with TEN-T Urban &

Transport Network & Energy Production

Concept


Sulphur Cap in ECAS, EU and Worldwide

LNG is The Most Efficient Alternative

For the Forthcoming

Emission Targets in SOx, NOx, Particles

& CO2 !!

Why LNG?


New Supply Sources:

Qatar (QEnergy –

RasGas Agreement)

High Potential from

Gas Fields in Cyprus,

Israel, Libanon, Egupt

& Greece!!!!

Why LNG?


POSEIDON-MED Study Phase (end 2013- end 2015) :

Studies for:

LNG Network. Supply and Demand

Legislations and Regulatory framework in Offshore and Onshore

installations

LNG Infrastructure & Installations

Risk Assessment

Sustainable Financing

The First Phase

VENICE, Motorways of the Sea Conference on Efficient Shipping Operations

Integrated Maritime Supply Chain for LNG in Italy

Local Assessments - Master Plans on LNG as Fuel for NAPA & other Italian

Ports

POSEIDON-MED In Italy


Piraeus is the

Textbook case for

LNG Implementation

due to Coastal

Ferries !!!

Enormous Potential in the

Regional Port Systems of

NAPA, the West Coast of

Italy & the Black Sea


Facts & Figures


Facts & Figures

Revithoussa Hub Tariff Policy (Assuming 20% Co-Funding)

Surcharge for Bunkering Logistics in Port of Piraeus: 1.0 $/MMBtu

Reference from North is : 2,5 - 4 $ /

MMBtu

Surcharge per MMBtu for Satellite Ports: 0,4

$/MMBtu


Facts & Figures

RoPax (LNG vs Scrubber) in Piraeus - Crete Line

Scenario A: Full Scale Retrofit (4 Engines): 16 m€ (LNG) vs 6,5 m€

(Scr)

Scenario B: Partial Retrofit (2 Engines): 8,5 m€ (LNG) vs 3,5 m€ (Scr)


Facts & Figures


Facts & Figures

CO2 45%

PM, NOX & SOX are Practically Eliminated


Based on the Lessons Learned from the North:

Towards the LNG Era in Easter Med

Establish a Self-Sustained

System

Accomplish Synergies,

Efficiencies & Economies of

Scale

Brake the Chicken & Egg

Problem Only through Simultaneously Development of all the Critical Supply and

Demand Infrastructure in the Region


Towards the LNG Era in Easter Med

Global Project Βudget (Greece) 0,5 b€ :

Port Related installations: 220 m€

Piraeus & Revithoussa Hub upgrade ≅20 m€

Patra, Heraklion Ports Infrastructure ≅100 m€

Bunkering Means (small LNG, Burges & LNG Trucks) ≅100 m€

Vessels Related Installations: 280 million€

Vessels Retrofits to LNG ≅8 x 15 (=120) m€

LNG fuelled New buildings ≅2 x 80 (=160) m€

The Project (Greek part) Has Been Listed as a Candidate Project in the Juncker

Plan / (EFSF).


Project Leader :

Project Technical Manager:

Technical Services:

Classification Society

POSEIDON MED Consortium


Ports:

Operators:



Supporters:


VENICE, Motorways of the Sea Conference on Efficient Shipping Operations

Dr Panayotis Zacharioudakis

R&D DirectorE [email protected]

23 Psaron Street, 185 46 Piraeus, Greecewww.oceanfinance.gr

Thank you!!!

mailto:[email protected]

“the employment of lng in east mediterranean” “the employment of lng in east mediterranean”...

Documents