The Blue Baltics project has been awarded EUR 15 million by the Connecting Europe Facility (CEF) Coordination Committee, part of the European Union’s financing program, to support the program’s efforts in expanding the network of liquefied natural gas (LNG) across the Baltic Sea.
LNG fuel is rising in popularity in the shipping industry as it is a low-emission alternative to other bunker fuels options available.
The CEF invests in companies through the Blue Baltics program to help them develop projects relating to LNG. An LNG mobile facility for the bunkering of LNG ships in Lithuania, Sweden, Estonia and Germany has been funded by the program, and investment is planned for an upgrade of LNG infrastructure in Klaipeda, Lithuania. Furthermore, the expansion of LNG fuelling infrastructure in Estonia and the upgrade of an LNG distribution terminal in Sweden, as well as a bunkering vessel in Germany are all planned for implementation as part of the project.
SC Klaipedos Nafta, one of the five companies to receive financial support, is expected to acquire approximately EUR 4 million to assist with LNG development efforts. Last year, the company received €6 million in EU support to assist with construction of the LNG reloading station, and in 2014, they were awarded with EUR 0.15 million in EU support for the LNG reloading station FEED and other preparation works.
The project accomplishments are projected for the end of 2019.
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