Venice LNG obtains the Authorization Decree for the construction and operation of LNG storage terminal in Porto Marghera

An investment of over 100 million euros co-financed by the European Union for the storage of low-emission fuel for automotive and maritime transport Gian Luigi Triboldi, President and CEO of Venice LNG: “We are pleased to give our contribution to promote the use of LNG, which plays a key role in the energy transition process” Venice, January 15th, 2021 – Venice LNG, a subsidiary of the Decal Spa Group operating in Porto Marghera for over 60 years, welcomes the news that the Ministry of Economic Development in agreement with the Ministry of Infrastructures and Transport issued the Authorization Decree for the construction and operation of the first LNG (Liquefied Natural Gas) storage in Porto Marghera. With a capacity of 32,000 LNG m³, the Venice LNG storage will be built in a brownfield area along the South Industrial Canal of Porto Marghera, and will supply liquefied natural gas, the fuel key to the energy transition process. LNG allows to almost totally eliminate emissions of sulphur oxides (-95%) and particulate matter (PM10 -90%), and to reduce emissions of nitrogen oxides and carbon dioxide. Issued in late December 2020 by the two Ministries in agreement with Veneto Region, the Authorization Decree has been notified today, and includes all the opinions expressed by the Authorities involved in the authorization procedure. The authorization incorporates the requirements by the authorities involved in the procedure, to be fulfilled by Venice LNG before and during the construction and operation of the coastal storage facility. Among the requirements, it is worth mentioning the use of non-polluting materials, the mitigation of dust and noise emissions during the construction phase, an Environmental Monitoring Plan, the implementation of procedures to limit waste production. “We are pleased to have reached the Authorization Decree, since it confirms the value of our project", says Gian Luigi Triboldi, President and CEO of Venice LNG. "Our project went through a long technical-administrative path, involving many authorities and local community too. Now, we are ready to give our contribution to promote the use of LNG, which plays a key role in the energy transition process”. This step forward in the fuel infrastructure for road and marine transport is made possible thanks to a private investment of over 100 million euros by Decal Spa Group through its subsidiary Venice LNG. The project is promoted and supported by the North Adriatic Sea Port Authority and co-financed by the European Commission under the CEF (Connecting Europe Facility) initiative through the ”Gainn4SEA” and “Venice LNG Facility” projects, for a total of 18.5 million euros. LNG will arrive at Venice LNG storage terminal by small and medium-sized LNG carriers and will be distributed on tank trucks, ISO-tanks and barges. Thanks to LNG, pollutants in the atmosphere and in the waters of the lagoon will be drastically reduced. Source: Venice LNG

Venice LNG obtains the Authorization Decree for the construction and operation of LNG storage terminal in Porto Marghera

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Venice LNG obtains the Authorization Decree for the construction and operation of LNG storage terminal in Porto Marghera

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All news

Kazakhstan’s ports handled 6.2 mln tonnes of cargo in Jan-Oct’24

DFDS bought Ekol Logistics at the end

Two cocaine shipments, 720 kg and 720 kg, seized in Vlissingen port

Malta sees reduced cruise ship passengers in Q3 2024

Greater Odessa ports increase turnover in Jan-Sep 2024

Our Expert Analysis

Latest Free Reads

Top Ports