DEPA and Attica to Study LNG Bunkers for Use in Attica's Fleet

Friday December 9, 2016

Public Gas Corporation of Greece S.A. (Depa) Thursday announced that it has signed a memorandum of understanding (MoU) with Attica Holdings S.A. (AtticaGroup), principal of Superfast Ferries and Blue Star Ferries, to study the use of liquefied natural gas (LNG) bunkers by Attica vessels.

Specifically, Depa says the two companies will conduct a joint study of the parameters and conditions needed to use LNG as fuel for Attica's fleet, with findings obtained from the joint study used to determine further cooperation between Depa and Attica.

Depa says the use of LNG in shipping offers the sector a more environmental friendly fuel that also has the potential to significantly reduce operating costs and "open new horizons for the industry."

Further, Depa notes that using LNG as fuel will allow shipping companies to comply with current emissions regulations, as well as the 0.50 percent global sulfur cap on marine fuels set to be implemented in 2020.

DEPA and Attica are both noted to participate in the Poseidon Med II project, which is the next phase of the European Union (EU) led LNG bunkering infrastructure development project.