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Poseidon Med II
Dissemination Event Limassol, Cyprus
16.09.2016
George Alexandris Corporate Development Activities
Associate
Poseidon Med II – LNG Bunkering
Poseidon Med II project is a practical roadmap which aims to bring about the wide adoption of LNG as a safe, environmentally efficient and viable alternative fuel for shipping and help the East Mediterranean marine transportation propel towards a low-carbon future. The project, which is co-funded by the European Union, involves three countries Greece, Italy and Cyprus, six European ports (Piraeus, Patras, Limassol, Venice, Heraklion, Igoumenitsa) as well as the Revithoussa LNG terminal.
The project brings together top experts from the marine, energy and financial sectors to design an integrated LNG value chain and establish a well-functioning and sustainable LNG market. With Poseidon Med II the East Mediterranean sets sail into the LNG era turning Greece into an LNG Bunkering hub in SE Europe.
Region of Action
3 Countries
• Greece • Cyprus • Italy
• Piraeus • Patrai • Heraklion • Igoumenitsa • Limassol • Venice
6 Ports
Partners
Energy
DEPA (GR)
(Project Manager &
Coordinator)
DESFA (GR)
(Technical
Coordinator)
Piraeus (GR)
Heraklion (GR)
Patras (GR)
Igoumenitsa (GR)
Limassol (CY)
Venice (IT)
Minoan Lines (GR)
Blue Star (GR)
Attica Ferries (GR)
ANEK (GR)
Neptune (GR)
Hellenic Seaways (GR)
Arista (GR)
Lavar (CY)
HSSA-EENMA (GR)
SEEN (GR)
Hellenic Lloyd's (GR)
OceanFinance (GR)
CERTH-EKETA (GR)
EPE (GR)
NAP (GR)
Rogan (GR)
R.R. Panfido (IT)
Bunkernet (CY)
Ports Shipping Technical &
Financial
LNG Supply Chain
Mid scale storage
End user (NG)
Small scale
shipping
Evapo-ration
Truck transport
Ship bunkering
Small scale
storage
End user (NG)
Evapo-ration
Hub Pipeline End user
(NG)
Gas explo-ration
Liqui-faction
Large scale
shipping
Evaporation
Source: Wartsila
Activities
Regulatory framework
Financial aspects
Pilot case (Venice)
Sustainability-Synergies
Executive Design and Construction of an Innovative LNG Vessel
Installations Financial Assessment - Financial Instruments for the Global Projects Investments
Adaptation of the Regulatory Framework
Assessment of Efficient Supply Chain/Synergies – Sustainable LNG Pricing Patterns
Project Organization
Ports & LNG Terminal Infrastructure
Vessels Infrastructure
Coordination – Management – Dissemination – Social/Public Consultation – Awareness
Environmental/Safety/Site Studies – Ports Master Plans updating – Supporting/Preliminary/Detailed Design Studies – Tender documents
Technical studies for selected vessels
Act. 1-3
Act. 6-12
Act. 14
Act. 15
Act. 4-5
Act. 13
Act. 16-17
LNG Terminals in Europe
Most of the European LNG
import terminals already offer truck
loading and the availability of
loading bunkering ships is increasing
as well
Source: : GIE
International regulation on the emission control
ECAs 0.1% S from 1 January 2015
Outside ECAs 0.5% S from 1 January 2020 or 2025
New SOx ECAs are expected
(Emission Control Areas) ECA
Incremental global LNG Supply relative to 2010
The global LNG market was dominated by the acceleration of the market loosening in Asia in 2015, leaving more volumes to find markets in Northwest Europe, but also in North America and the Middle East.
Europe remains heavily dependent on Russian gas, but LNG imports into Europe will start to pick up substantially from 2016 and Russia will struggle to maintain market share
Lower LNG prices unlock demand based on different demand drivers, such as coal displacement in power, indigenous supply, diversification from pipeline imports
LNG Volumes unloaded at Revithoussa Terminal
-
500
1,000
1,500
2,000
2,500
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
{ ,000 m3 LNG}
LNG available in Greece round the clock since 2000
Indicative passenger ship
annual consumption
15.000 – 30.000m3 LNG
DEPA: Leading and reliable LNG supplier in Greece
1 Long Term Contract 15 MSPA (Master Sales Purchase Agreements)
DEPA ensures secure supply of LNG in the Greek market at competitive prices since 2000 through:
2000-2015
~87%
2010-2015
~70%
with Algerian Sonatrach Annual contracted quantity: (756,000-1.199,000 m3 LNG)
with international LNG Suppliers/Traders to purchase LNG cargoes on spot basis
DEPA's market share on unloaded LNG Volumes
With Poseidon Med II the East Mediterranean sets sail into the LNG era turning Greece into an LNG Bunkering hub in SE Europe.
THANK YOU FOR YOUR ATTENTION!
George Alexandris Corporate Development Activities,
Associate
Public Gas Corporation of Greece (DEPA) S.A. Tel. +30 210 2701221
E-mail. [email protected]