ShippingWatch

European ports: LNG means huge investments

European ports are pointing to other solutions than LNG, which would require massive investments, says Patrick Verhoeven, Secretary General of the European ports’ organization, ESPO, to ShippingWatch.

On the one hand, the European ports are pleased that the European Commission has decided to start the investments in a pan-European LNG structure. On the other hand, the ports organized under ESPO believe that there could be risks involved in pointing out 139 predetermined ports as the pillar of a new European LNG network, which is expected to be complete by 2025.

ShippingWatch has asked the Secretary General of ESPO, Patrick Verhoeven, about the organization’s opinion on the proposal from the EU’s Transportation Commissioner, Siim Kallas, who presented a proposal last week concerning the establishment of a European LNG network funded by capital from the TEN-T pool.

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