Description:
Poseidon-Med II Action is a continuation of “COSTA II–East (Poseidon-Med)” and “Archipelago-LNG” projects, which all together form part of the Global Project aiming to take all the necessary steps towards adoption of LNG as marine fuel in East Mediterranean Sea while making Greece an international marine bunkering and distribution hub for LNG in South Eastern Europe. The Action will build on the achievements of the above mentioned projects as well as on the results of “COSTA I”, which delivered the Master Plan for LNG as a marine fuel in the Mediterranean region.
Altogether the Action constitutes a wider benefit MoS project contributing to the development of LNG as alternative fuel in maritime transport. By implementing this comprehensive study and pilot activity, the project responds to the international and European requirements in reducing sulphur emissions to 0.5% in maritime transport globally.
Poseidon-Med II was an OF initiative bringing together all the leading maritime and energy industry stakeholders of the region. OF, within the project execution, focuses on developing the business cases, the Financial Instruments for the mobilization of the onshore and offshore investments using LNG as a marine fuel.
