The European Investment Bank informed it has signed a EUR 40 million loan with Greece’s natural gas grid operator, DESFA.
Under the agreement, DESFA will receive the second tranche of an EUR 80 million loan for the extension of an LNG terminal on the island of Revithoussa in the outer suburbs of Athens, EIB said in a statement on Tuesday.
The expansion involves the construction of a third storage tank, the upgrade of the marine facilities, the installation of additional cryogenic send-out equipment and the upgrade of the metering system.
The upgrade of the Revithoussa terminal aims to increase security of gas supply, enhance the load and mass balancing of the Greek gas transmission system and increase competition among shippers by giving most of the LNG fleet the possibility to unload at the Revithoussa terminal, EIB said.
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Image: CM Engineering