The role of the Revithoussa terminal in the Regional LNG ...

The role of the Revithoussa terminal in the Regional LNG

bunkering system

Joseph Florentin New Projects Dept. Manager

Dissemination session Limassol, 16.09.2016

Contents

• Selection of Revithoussa as the centre for the supply of LNG bunkering fuel in Greece and in the SEE region

• Strong points of Revithoussa for small scale LNG activities

• Roles of the Revithoussa terminal (incl. with respect to the Limassol port)

• Description of Revithoussa

• Current and future works

Limassol, 16 September 2016

Reasons for the selection of Revithoussa

• Selection in the Poseidon-Med Programme against two other options:

– Installation of LNG tanks in the port of Piraeus

– Installation of a floating storage unit (FSU) outside the port of Piraeus.

Limassol, 16 September 2016

Strong points of Revithoussa for small scale LNG activities

• At short distance from the port of Piraeus.

• Easy permitting of the additional infrastructure compared to grass-roots installations.

• Open access to all users without creating constraints to shipowners regarding their LNG suppliers.

• Experienced personnel proud of 16 years of safe operation.

• However, regarding Cyprus, possibly in competition with Hadera (IL) and Damietta (EG) terminals and certainly with the “interim solution” if this will go ahead.

Limassol, 16 September 2016

Roles of Revithoussa

• Existing roles

– The most important among the 3 entry points of the National Natural Gas System (NNGS)

– Ensures security of supply (16 days of average demand)

– Covers peaks in demand (83% of peak demand)

– Regional role in SE Europe

• New roles – LNG bunkering

– Loading of LNG carriers

– Truck loading

Limassol, 16 September 2016

Description of Revithoussa

2017

Limassol, 16 September 2016

65.000 m3

65.000 m3

95.000 m3

1.000 m3 + 400 m 3 after upgrade

Gas send-out

160.000 m3 -> 260.000 m 3 after upgrade

Small scale LNG studies (completed)

− Technical feasibility and cost estimate study for the development of small scale LNG installations in Greece (Feb ‘16)

− Basic Design for the construction of a truck Loading station in Revithoussa (Sep ‘16)

Limassol, 16 September 2016

Small scale LNG studies / works (future)

• October 2016: Submission of EIA study for the truck loading installation

• End 2016: Completion of tender documents for the EPC contract award for the truck loading

• End 2017: Possibility of loading of large LNG carriers (>20.000 m3) with a capacity of 2.500 m3 LNG/h

• early 2018: Possibility of loading of small LNG carriers with the addition of a new arm on the existing jetty

(feeder vessels or bunkering barges 1.000 to 20.000 m3)

• mid 2018: Start of operation of the truck loading station

8 Limassol, 16 September 2016

Basic data for the Limassol port

Limassol, 16 September 2016

• 80-100 calls/month with small seasonal variation

– Mainly containerships (2/3)

• Total bunkering volume 2015 (all fuels): 225.000 MT ~= 450.000 m3 LNG/y

– 80% anchorage / 20% port

Commercial vs. technical considerations

• Supply sources

– Revithoussa plus other

• Round trip time (Fuel & Charter cost)

• Storage size (Storage location)

• Ship routes

– Terminal stations for Passenger ships

– Competition with other bunkering ports on the same route

Limassol, 16 September 2016

Commercial vs. technical considerations

• Supply sources

– Revithoussa’s position is improved if we take into account the possible synergies with LNG supply to gas fired power plants in Crete and/or Rhodes.

– Units in those two islands (among other) can be converted to run with gas. The Power Corporation (PPC) is already investigating this option because of the EU Directive 2010/75/ΕΕ (IED) on emissions.

Limassol, 16 September 2016

Thank you for your attention

[email protected]

Limassol, 16 September 2016