With a capacity of 3,000 cubic metres of LNG, the ship, which is the first of its kind in Greece and the Eastern Mediterranean, will be supplied with LNG at Revithoussa LNG terminal and will refuel ships both in Piraeus and other ports in Greece and the wider region.

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The loan is guaranteed by the European Fund for Strategic Investments (EFSI / Juncker Plan) and will cover 50% of the vessel’s construction cost. For the construction of the vessel DEPA has secured an additional amount of EUR 8.9 million from the European Union under the European Action entitled “BlueHUBS”, which is coordinated by DEPA and aims at expanding the use of LNG in maritime transport in the eastern Mediterranean.

What is more, this is a “green” investment, which leads the way for “cleaner” and more competitive maritime transport in the eastern Mediterranean, contributing to the reduction of the country’s environmental footprint.

Commenting on the agreement, the President of the Board of Directors of DEPA, Ioannis Papadopoulos,  said:

The new financing from the EIB, the largest investment arm of Europe, is yet one more vote of confidence to the growth prospects of the Greek economy and confirms the significant improvement of the investment climate. It comes in support of a crucial investment in the area of natural gas, which is at the centre of global developments, and contributes to the transformation of Greece into a regional hub

In addition, Konstantinos Xifaras, Chief Executive Officer of DEPA, stated that 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'.

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