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DEPA LNG BUNKERING VESSEL

Signature(s)

Amount
€ 20,000,000
Countries
Sector(s)
Greece : € 20,000,000
Transport : € 20,000,000
Signature date(s)
20/12/2019 : € 20,000,000
Link to source

Summary sheet

Release date
8 January 2020
Status
Reference
Signed | 20/12/2019
20190313
Project name
Promoter - financial intermediary
DEPA LNG BUNKERING VESSEL
PUBLIC GAS CORPORATION OF GREECE (DEPA) SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 20 million
EUR 40 million
Location
Sector(s)
Description
Objectives

The project concerns the construction of a new liquefied natural gas (LNG) bunkering vessel to be based at Piraeus Port (Core TEN-T port).

The bunkering vessel will be used to deliver gas to LNG fuelled vessels (ship-to-ship bunkering), mainly based in the vicinity of the port and in other smaller ports in the Aegean and East Mediterranean Sea. The vessel will be constructed and operated in compliance with the European Union (EU) and International Maritime Organisation (IMO) regulations and will operate under an EU Member State flag.

Environmental aspects
Procurement

By providing a flexible LNG bunkering option and promoting LNG as an alternative fuel source, the project is expected to have a positive environmental impact due to emissions reduction from maritime transport in the wider region.

The project promoter is a public undertaking, as referred to in Directive 2014/25/EU on procurement by entities operating in the water, energy, transport and postal services sectors and repealing Directive 2004/17/EC. Therefore, all contracts financed by means of this project have and will be tendered in accordance with the referred Directive, including publishing all tender related information in the Official Journal of the EU.

Related projects
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - DEPA LNG BUNKERING VESSEL
Publication Date
14 Jan 2020
Document language
Main Topic
Lending
Document Number
122790760
Document Focus
Environmental Information
Project Number
20190313
Sector(s)
Regions
Countries
Publicly available
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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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