POSEIDON-MED project under development in Piraeus Port…

First Leaders-Meeting was successfully completed on 6th and 7th October,  between the main partners of the “POSEIDON-MED” LNG Bunkering Project after the approval for co-funding of the project by the European Commission.

The POSEIDON-MED development at Piraeus Port
     POSEIDON-MED development at Piraeus Port

POSEIDON MED  is the first LNG bunkering project in the Mediterranean and Adriatic Sea led and coordinated by QENERGY Europe. It is the first Cross European Border project which aims to introduce LNG as the main fuel for the world shipping industry and develop a sufficient infrastructure network of bunkering value chain. The Poseidon Med Projects aims to design a comprehensive value chain for the use of LNG as marine fuel in East Mediterranean and Adriatic Sea, including the development of an LNG transportation, distribution, and supply network, as well as, the establishment of a well-functioning and sustainable relative market for its demand.

Project Leader is QENERGY Europe, with the support of other partners from Italy, Greece, Qatar, Cyprus, Croatia, Slovenia, UK and France. The Port Authority of Piraeus, la Spezia, port authority of Venice, Contship Italia and the Grimaldi Group are some of the Italian partner for the “Poseidon-Med”.

The Official Partners of the project many experts from the Greek and global shipping industry as Lloyd’s Register, QE, OF, NAP, EPE, ATTICA Group, HSW, Grimaldi Group, Minoan Lines, Qatar Navigation Company (Nakilat), ANEK Lines, Piraeus Port Authority (PPA), Nepture Lines, Superfast Ferries, Contship, Wartsila, MAN, Siemens, NisoGas, Salamis Lines, Bank of Piraeus, Doha Bank, QIB, QNB, GTT, EENMA, Silver Maritime. As a Cross-European-Border project POSEIDON-MED has the State-Members Support of five EU countries, Greece, Cyprus, Italy, Croatia and Slovenia.

The project has a five-fold target for the establishment of a comprehensive LNG network in the East Mediterranean area, the development of a sustainable market for LNG as marine fuel, the revival of the shipping industry in the area, and the increase in fleet competitiveness, efficiency, and sustainability while at the same time providing substantial environmental benefits, meeting the forthcoming stricter environmental regulations, and allowing easy compliance with the most recent EU directives.

The POSEIDON-MED project has been submitted to the European Commission (TEN-T) for co-funding under the MoS Multi- Annual work programme 2013-14.