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Venice LNG Project Gets Environmental Approval

Venice LNG project gets environmental approval

Venice LNG Project Gets Environmental ApprovalSource: Porto di Venezia

Venice, Italy (PortSEurope) June 10, 2019 – Italian company Venice LNG SpA has received a favourable ruling on the environmental compatibility of the LNG storage facility it plans to build in Marghera port, Venice.

“The positive opinion expressed by the commission contains some provisions, to which Venice LNG will comply in the design, construction and operation phase of the work, aimed at respecting the environmental conditions,” the company said.

The Venice LNG project concerns the construction of an LNG storage deposit, an alternative fuel that will be increasingly used by ships and trucks to reduce harmful emissions, with a capacity of 32,000 cubic metres.

The LNG will arrive on gas carriers of small and medium size and will be distributed through barges. According to the proponent, the use of the deposit will drastically reduce pollutants in the atmosphere and in lagoon waters.

The coastal LNG storage in Porto Marghera is co-financed by the European Union’s Connecting Europe Facility (CEF).

LNG is central for the new energy strategy for low environmental impact fuelling of ships and trucks elaborated by the European Commission. A specific Directive (DAFI) imposes the creation in any EU Country of an LNG supply system in ports and the main transport routes: this network must be completed by the end of 2025, to allow the dissemination of low environmental impact ships and trucks.

Venice LNG, set up in 2017, benefits from the experience and the know-how of its sole shareholder Decal SpA, a company that has been operating for more than 50 years in Porto Marghera in the storage of oil-derivates, chemical and petrochemical products, as well as biofuels and vegetal oil.

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