EIB offers $22m loan for construction new LNG bunkering vessel in Greece

first_imgThe vessel will be filled with LNG at Revithoussa LNG terminal and will refuel the ships in Piraeus and other ports in Greece and the wider region EIB offers $22m loan for construction of a new LNG bunkering vessel in Greece. (Credit: EUROPEAN INVESTMENT BANK) The European Investment Bank (EIB) has agreed to provide €20m ($22m) financing to Public Gas Corporation of Greece (DEPA) for the construction of a new LNG bunkering vessel in Greece.To be located in Piraeus, Greece, the vessel will have a capacity of 3,000 cubic metres and will be used for maritime in Greece.Claimed to be the first of its kind in Greece and the Eastern Mediterranean, the vessel will be filled with LNG at Revithoussa LNG terminal and will refuel the ships in Piraeus and other ports in Greece and the wider region.The construction of the new vessel will support the move towards green shipping with more eco-friendly fuels, as per the new stringent international regulations.DEPA CEO Konstantinos Xifaras said: “The new vessel will serve the supply needs not only of Piraeus but also of other Greek ports and it represents one more decisive step in DEPA’s efforts to expand the use of LNG in maritime transport in the eastern Mediterranean, thus creating an integrated and efficient LNG supply chain.“Through targeted investments, such as this one, as well as through multilevel international collaborations, DEPA supports the transition of both big ports and ships in the region to the LNG era, contributing to the protection of the environment and improving the competitiveness of Greek shipping and the ports of our country.”Loan provided by EIB will cover 50% of the vessel’s construction costThe EIB loan, which will cover 50% of the construction cost of the vessel, is guaranteed by the European Fund for Strategic Investments (EFSI / Juncker Plan).DEPA has secured a further amount of €8.9m ($9.8m) from the European Union under the European Action entitled “BlueHUBS” for the construction of the vessel.In October last year, EIB provided a $121m loan for the construction of a gas systems interconnection facility between Bulgaria and Greece (ICGB).The project includes a 182km long gas pipeline comprising 151km connected to the Bulgarian gas transmission and 31km in Greece, which is linked to the Greek gas system and TAP in Komotini.last_img read more

Ambris hits 106 on rain-hit second day

first_imgFLORENCE HALL, Jamaica (CMC) – Sunil Ambris increased pressure on West Indies selectors by carving out his fourth first class hundred, but rain allowed just 3-1/4 hours play, on the second day of the opening four-day ‘Test’ against Sri Lanka A here yesterday.The 24-year-old struck 106 as the hosts, resuming from 236 for four, reached 364 for eight in their first innings before rain arrived 41 minutes after the lunch break to end play prematurely at the Trelawny Multi-Purpose Stadium.Though the rain ceased, conditions kept players off the field and play was eventually called off late in the day.Ambris was supported by overnight partner Vishaul Singh who hit 81 while all-rounder Rahkeem Cornwall chipped in with 25.Left-arm spinner Malinda Pushpakumara claimed three for 104 while medium pacer Chamika Karunaratne picked up two for 61.Right-hander Ambris picked up where he left off on Wednesday’s opening day as he dominated the Sri Lankan bowling yet again.Resuming on 62, the Vincentian stormed to three figures in an innings which included 12 fours off 156 deliveries in just under 4-1/2 hours, all told.The innings was a further reminder for the Windies selectors who ignored Ambris for the Pakistan, England and Zimbabwe series, despite his heaving recent scoring in the domestic competition.Ambris extended his fifth-wicket partnership with Singh to 136 before adding a further 51 for the sixth wicket with Cornwall.In contrast, Singh’s innings was a patient one, lasting 219 balls in just under 5-1/4 hours and including four fours.Windies A were perched on 333 for six at lunch but only 15 overs were possible afterwards before the weather curtailed play.WEST INDIES A 1st innings (o/n 236 for four)M. Hodge stp. Weerakkody b Pushpakumara 13J. Campbell stp. Weerakkody b Jayasuriya 56S. Brooks run-out 19V. Singh lbw b Fernando 81J. Hamilton lbw b Pushpakumara 6S. Ambris c Fernando b Karunaratne 106R. Cornwall c Jayasuriya b Karunaratne 36D. Jacobs stp. Weerakkody b Pushpakumara 15S. Cottrell not out 2K. Joseph not out 1Extras: (b-10, lb-3, w-8, nb-8) 29Total: (8 wkts, 120 overs) 364Fall of wickets: 1-44, 2-76, 3-127, 4-145, 5-281, 6-332, 7-354, 8-363.Bowling: Fernando 16-3-37-1, Kumara 16-1-63-0, Pushpakumara 36-6-104-3, Karunaratne 21-1-61-2, Jayasuriya 17-3-43-1, Silva 6-1-9-0, Hasaranga 3-0-15-0, Shanaka 5-2-19-0.last_img read more

Munster and Ireland stalwart honoured

first_imgLeinster’s Daragh Fanning received the unsung hero award while Connacht’s Michael Swift received the medal for excellence.Ex-Munster, Ireland and Lions openside David Wallace was inducted into the hall of fame. The Lions second row received the prize at the Hibernia College IRUPA awards in Dublin last night.O’Connell has been linked with Toulon in recent weeks but speaking at last night’s awards said he’s not sure where his future lies or whether or not he’ll retire soon.Connacht’s Robbie Henshaw was voted Nevin Spence young player of the year.last_img