Compressed Natural Gas Transport System
The project supports the European Commission’s Maritime Transport Strategy in which maritime transport is considered key to securing Europe’s energy supply. It sets the knowledge base for identifying where the novel CNG concept has added value, develop prototype technologies and related business cases, promote the concept with end-users and foster market introduction, first in Europe, and subsequently beyond.
The GASVESSEL project contributes the Energy Union to become less dependent on energy imports by serving as a flexible interconnector which enables energy to flow freely across the EU. The project will make it possible to supply natural gas to places where natural gas is not yet a part of the energy supply e.g. where large investment in regassifiers are not feasible or done (yet) such as the Mediterranean Islands. The concept offers novel cost effective gas transportation and hence promising prospects to start using and monetising the huge amount of currently wasted (flared), stranded and associated gas which is currently wasted or not used, while contributing to reducing an important environmental side effect of global oil exploitation.
The validation and proof of concept of the GASVESSEL project is performed by a cost-benefit analyses (financial viability), safety assessment, environmental impact analyses and value chain business cases development in relation to real-life geo-logistic scenarios.