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{POSIDONIA} Huge LNG Bunkering Project Unveiled

{POSIDONIA} Huge LNG Bunkering Project Unveiled

Global LNG bunkering supplier probunkers will design, build and operate a fleet of modern, eco-friendly LNG bunkering vessels that will operate in seven major locations across the globe. The project will contribute to the development of Liquefied Natural Gas marine infrastructure in order to support green energy and sustainable shipping.

“I anticipate 2018 to be a landmark year of LNG as a marine fuel in shipping,” said probunkers’ CEO Alexander Prokopakis during the Posidonia 2018 event in Athens at the beginning of June. The project involves a total investment of $343 million based on a 10-year plan, with the goal to be fully operational in 2022.

LNG has significant environmental, economic and safety advantages. It forms after natural gas is cleaned of impurities and cooled to minus 162 degrees. This process shrinks the volume of the gas 600 times and turns it into a clear, non-toxic, colorless liquid which is easier and safer to store and transport. At Posidonia 2018, leading Greek shipowners see the use of LNG as the future fuel for the shipping industry.

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