Poseidon MED II wider benefits

Poseidon Med II has a wide range of benefits for the environment and the economy. The key point is eco-sustainability, which comes hand-in-hand with compliance with a number of EU and Worldwide Directives concerning the maritime sector. Moreover, the promotion of NG and LNG as fuel will grant fuel-security to member states, as well as fuelling the economy.

Some of these benefits are:

Reduction of negative environmental impact of heavy fuel oil powering and implementation of the requirements of Annex VI of the IMO MARPOL Convention and of Directive 2012/33/EU, which foresees that as of 2020, ship operators that trade in European territorial seas and exclusive economic zones will be required to burn fuel with less than 0.5% of sulphur content.

Contribution towards the implementation of Directive 2014/94/EU on the deployment of alternative fuels infrastructure and the Clean Power for Transport Package, as it will develop studies necessary to ensure that an appropriate number of refuelling points for LNG are put in place at maritime ports to enable LNG inland waterway vessels and seagoing ships to circulate throughout the TEN-T Core Network by 31 December 2025.

Promotion of the diversification of sources and routes of NG and to ensure the EU Member States Security of Supply. This will be achieved with the implementation of Small scale LNG infrastructure like Small scale LNG terminals and LNG feeders which will make the distribution of LNG cargoes to Greek Core ports and ports of the Greek Archipelago, and also to Cypriot, Italian, Slovenian, Croatian, and Black Sea ports easier.

Facilitation of new uses of LNG like Power Generation on islands, and supply of NG to remote from the grid areas, which will create synergies that will enhance the economies of scale and support the competitiveness and sustainability of the small scale LNG supply chain.