EU grants funds for Polish LNG terminal expansion

20/03/2019 09:02 LNG

news

The European Commission has approved €128 million to support the expansion of the Polish LNG terminal in Świnoujście.

Polish LNG terminal operator, Polskie LNG has already launched a tender procedure to select a contractor for three key projects within the first Polish LNG import facility, which includes the construction of the third LNG storage tank, delivery of additional process installations increasing the regasification capacity to 7.5 billion cubic meters per year, and the LNG transshipment installation together with a railway siding.

 

Reaching the target capacity of 7.5 bcm/year is planned for 2021, while the other two projects are scheduled for completion in the second quarter of 2023.

 

The expansion program involves also the construction of a fourth component, the second jetty for loading and unloading of LNG carriers, LNG transshipment and handling LNG bunker vessels and providing bunkering services.

 

The Commission approved the aid for the initial construction of this LNG terminal in 2011.

 

The increase in capacity was included in the list of Projects of Common Interest of the European Union as part of the Baltic Energy Market Interconnection Plan (BEMIP) corridor.

Source: lngworldnews.com

Britain's largest solar farm poised to begin development in Kent

25/05/2020 10:55:00

Britain’s largest solar farm, capable of generating enough clean electricity to power 91,000 homes, is poised to receive the greenlight from ministers this week.

<READ MORE

Russian state holding gives up control of Rosneft after Venezuela exit

25/05/2020 10:51:00

Russia’s state holding company Rosneftegaz has relinquished its controlling stake in the country’s largest oil producer, Rosneft, Rosneft said on Friday, after Rosneft’s exit from Venezuela.

READ MORE

Ofgem cuts cost of Hinkley Point C grid link by £60 million

25/05/2020 10:46:00

The move will save UK consumers money on their bills over the 45-year cost period.

READ MORE