POSEIDON MED
Closing Ceremony
Brussels, Belgium17th February 2016
IOANNIS BAKAS
POSEIDON MED PROJECT MANAGER
POSEIDON MED DESCRIPTION
POSEIDON-MED is a cross-European border project aimed at designing a LNG transportation, distribution,
supply (including bunkering value chain) network and infrastructure for the adoption of LNG as marine fuel
for shipping operations in the Eastern Mediterranean and Adriatic region, and is defining the framework for
a well-functioning and sustainable relative market (vessels) for its demand.
Policy Drivers: IMO-SECA – Clean fuel directive - TEN-T guidelines with respect to emission reduction
Framework of project: falls under the TEN-T programme, co-financed under the Multi-Annual Work
Programme 2013 (Motorway of the Sea - MoS)
Duration: 2 years. Ended on December 2015
Five member states: Greece, Cyprus, Italy, Slovenia, Croatia
18 Partners: Classification company, Port Authorities, Engineering and Consulting companies, Shipping
companies, Ship-owners Association, gas suppliers, technical organisations.
POSEIDON MED – 8 Activities
No. ACTIVITIES
1 LNG Network. Supply and Demand
2 Legislations and Regulatory Framework in Offshore & Onshore Installations
3 LNG Infrastructure & Installations
4 Integrated Maritime Supply Chains for LNG
5 Risk Assessment
6 Sustainable Financing
7 Local Assessments of Northern Adriatic Ports
8 Management & Dissemination Activities
Activity 1: LNG Supply. Sources. Pricing
OBJECTIVE: To present a full study on how to create a strong LNG Supply network connecting the Adriatic
Sea to the Ionian Sea and the Eastern Mediterranean including Cyprus
1.1. LNG supply, sources, pricing
• LNG sources were reviewed for a complete and efficient service for LNG bunkering. Our aim was to
diversify sources and routes in order to increase the security of supply
• Formulation of an LNG Supply and LNG Demand Model
• Factors impacting NG and LNG prices were examined
1.2 LNG demand
Estimation of monthly and annual LNG demand at Ports of Piraeus, Limassol and satellite ports
(Patras, Igoumenitsa, Rafina, Lavrio, Heraklion)
1.3. LNG Logistics
• What are the logistical requirements and options for synchromodal transportation and tools for
efficient direct ship-to-ship refuelling
Activity 2: Legislation and Regulatory Framework for the adoption
of LNG as fuel in Offshore and Onshore Installations
OBJECTIVE: The aim of the activity is to analyze and evaluate the identified gaps with a view to forming a
solid regulatory framework for the application of LNG as Marine Fuel in offshore and onshore installations.
SUB-ACTIVITY 2.1: Legislative and Regulatory Framework for the Certification of LNG Fuelled Ships
Current rules for LNG ships and bunkering procedures standards and guidelines were reviewed (Class
Rules, IGF, IGC, EMSA study on standards & rules for bunkering of gas-fuelled ships, national legislation),
bottlenecks and gaps were examined.
SUB-ACTIVITY 2.2: Legislative and Regulatory Framework for Port Installations
Gaps and critical areas in the legislation were identified and analysed with a view to forming a solid
regulatory framework covering the safe storage and distribution of LNG, as well as bunkering procedures
addressing the supply side in the logistics chain. A relevant proposal for Greece has been drafted.
Standards and Guidelines which were studied: ISO LNG Bunkering Standards, IMO (IGF) code, IACS, EU
previous studies on LNG bunkering standards, national port legislation.
Activity 3: LNG Infrastructure and Installations
ACTIVITY 3 focused on Port and Vessel installations
• SUB-ACTIVITY 3.1 focused on the development of an LNG infrastructure station in the ports of
Piraeus (Greece) and Limassol (Cyprus) covering the LNG supply chain from large LNG import
terminals and/or LNG plants liquefying natural gas to LNG, to use on board ships.
• An LNG bunkering infrastructure consists of fixed terminals, bunker ships and tank trucks.
• We recommend the following suitable bunkering solutions:
Ship-to-Ship bunkering
Truck-to-Ship bunkering
Activity 3: LNG Infrastructure and Installations
SUB-ACTIVITY 3.2 studied the necessary technical steps for the retrofit of the vessels participating in this
project.
Six candidate ships for LNG retrofit were selected and studied. The selection process was based on age,
engine, size, data. All vessels are trading within the Mediterranean area.
The role of the Bunkering Tanker Vessels is very important as they are the link between the LNG
processing and storage facility and the end-users (LNG fuelled ships).
LNG bunker vessels and feeders of various capacities, to feed different ports and for port bunkering, were
evaluated.
• A 1000 cm bunker vessel & 4
LNG tank trucks to undertake
the LNG bunkering process
• As the demand for LNG will
grow in 2023, it will be
necessary to use additionally a
3.000 cm bunker vessel.
• To handle the bunker volumes
of the largest vessels, an LNG
bunkering vessel of 1.000 cm
will have to enter in operation
by 2026.
• In 2038, a 500 cm bunker
vessel will be introduced and in
2044 another one.
Bunkering Facilities & Supply Chain
Activity 3: LNG Infrastructure and Installations
Activity 4: Integrated maritime supply chain for LNG
OBJECTIVE: To define a set of scenarios for the
implementation of transport chain in the Port of La
Spezia: maritime side, port operation side, land side.
SUB-ACTIVITY 4.1:
A set of scenarios for the implementation of a strategic
road map for LNG supply chain was studied in the
port of la Spezia was defined
SUB-ACTIVITY 4.2:
An analysis was carried out on how LNG could be used
on a full LNG based logistic chain including different
means of transportation and new organisation of LNG
based freight flows to the inland terminal of Melzo.
Activity 5: Risk Assessment
1) Risk Assessment on Port and Mainland Installations
- HAZID Analysis for the Ports of Piraeus and Limassol
- Exclusion Zone Assessment
2) Risk Assessment on vessels retrofit and installations – 6 candidate vessels
- Vessels Conceptual Analysis, ARBD Report on each vessel
- 2 sets of design screening exercise through workshops based on the concept of the ARBD
(Assessment of Risk Based Design)
OBJECTIVE: To complete a risk assessment, as well as address hazards and operability issues related to
LNG as marine fuel.
Activity 6: Sustainable Financing
OBJECTIVE: Formulate sustainable financing practices for retrofit of vessels that use LNG as fuel
1) A what-if analysis and risk assessment on LNG Bunkering was studied
2) Financing instruments for vessels retrofitting were developed
Assessment carried out to evaluate the viability of the project
Formulation of modern financial instruments based on industry abilities and needs
Implementation of road map
Critical parameters affecting the decision to shift to LNG are: LNG vs HFO & LNG vs LSF price
differences, LNG Bunkering Logistics cost in the refuelling terminal, technical considerations,
utilisation factor (how many hours spent at sea per year), remaining lifetime, time spent in Emission
Control Areas, access to co-funding.
Activity 7: Local Assessments of Northern Adriatic Ports
4 NAPA: Venice and Trieste (Italy), Koper (Slovenia), Rijeka (Croatia)
We examined the potential for LNG as marine fuel in the Northern Adriatic Ports.
A strategy for LNG supply chain development within each port (from LNG procurement to storage, from
distribution to delivery to final LNG user) was evaluated.
We studied the potential for
synergies with other ports of
the region and addressed
factors such as the means of
transportation, storage, and
distribution of LNG.
We analysed the LNG market potential and main driving forces influencing demand, the overall availability
of LNG and infrastructure facilities.
• A strong relationship with Authorities related
to the project: Communication with Cypriot,
Greek, Italian, Slovenian and Croatian
Ministry representatives
• Regular interval meetings between the
Technical Management Team and the
Consortium to discuss the progress of the
project, solve issues that arise, approve
deliverables, review technical and financial
execution of the project.
• Technical Achievement Award at the Lloyd’s
List Greek Shipping Awards 2014
Activity 8: Management and Dissemination Activities
POSEIDON MED EVENTS:
• Interviews on TV and Web Channels
• Interviews and references in the press and online
portals
• Participation in Exhibitions and Conferences in
Cyprus, Greece, Italy, Sweden, Spain, Belgium,
Latvia etc.
• Workshops in the ports of Greece, Italy, Cyprus,
Slovenia, and Croatia
• Training courses and Info Days at Universities
• Synergies with other programmes
(OnTheMosWay)
Activity 8: Management and Dissemination Activities
ACHIEVEMENTS - CONCLUSIONS
POSEIDON MED achieved to investigate in depth the application of small-scale LNG in Eastern
Mediterranean and to conclude on positive results regarding sources, supply, pricing, vessels’
installations and application of risk assessment.
LNG as marine fuel in the Eastern Mediterranean area is feasible from technological and financial
points of view however, much will depend on the following parameters:
Application of a robust methodology and of proven LNG marine systems technology
Building the right, safe and efficient operation
Supply and demand balance
Important supply resources
Societal awareness & support, Stakeholders engagement
Collaboration between ship-owners, designers and class societies
Thank you!
Ioannis Bakas, Project Manager
M: +30 6941 687511
www.poseidonmed.eu
Follow us on Twitter: @Poseidon_Med
Connect with us on Linked In:
https://gr.linkedin.com/in/poseidonmed
Visit our website: www.poseidonmed.eu
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