LNG Hub in Galicia Gets EU Funding Boost
The European Union will co-finance with a little over €600,000 from the TEN-T Programme a series of studies to develop a Liquefied Natural Gas (LNG) hub in the Port of Ferrol, located near the city of La Coruña in the northwest of Spain.
The studies, which were selected for funding under the 2012 TEN-T Annual Programme's priority on new technologies for transport infrastructure, focus on the design of the necessary facilities, infrastructure and procedures in order to supply LNG as fuel along the entire port logistics chain: from the port services to ships.
LNG is rapidly emerging as a more environmentally friendly fuel for the shipping sector and its uptake is encouraged by the European Union.
The studies contribute to climate change mitigation and to the reduction of the impact of transport on the environment. The results will be disseminated among stakeholders and the project can be used as an example for the promotion and for policy making in the field of sustainable transport.
The studies will be monitored by the Innovation and Networks Executive Agency (INEA) and are set to be completed by December 2015.