In the case of Greece, there are still no ships using LNG propulsion but a few months ago the Greek Minister of Marine, Miltiadis Varvitsiotis, assured that by 2014 a passenger ferry propelled by LNG would be in the Greek fleet. To strengthen the initiative, the Qatari company announced the development of this refueling site.
The largest Hellenic companies of this sector are also beginning to look towards this fuel, with the European Union funding up to 50 percent of the cost of the conversion of diesel motors to LNG, reported Prensa Latina.
The interest of the Qatari fuel company, the world’s largest LNG producer, resides its ability to sell to multiple markets, starting with the merchant marine, and aiming at freighters and tankers in the near future. The firm expects the LNG dominate fuel market in the medium-long term due to increasing oil prices and the tightening of the regulations on pollution.
The Piraeus project is part of a pilot program, which will be followed by other bunkering stations in the Greek ports of Patras and Limassol.