Mario DOGLIANI

Head of Project Financing

The COSTA Action

Greencranes Final meeting – 15th May 2014

Brussels

Mario DOGLIANI

Head of Project Financing

Mario DOGLIANI

Head of Project Financing

COSTA at a glance

The Masterplan and some results

The policy brief

Mario DOGLIANI

Head of Project Financing

Sulphur cap: where & when

0.1% 2015

0.5% 2020

0.5% 2020-2025

COSTA in a glance

Mario DOGLIANI

Head of Project Financing

Issues

Mario DOGLIANI

Head of Project Financing

Partnership’s profile: • Administrations • Technical • Operators/ports • Financial • Classification Society

(standard setting)

External Consultation

Validation of COSTA’s interim and final results is made through a large consultation exercise (Sub-activity 2.2) with an active involvement of:

- Administrations, including EMSA, and Port Authorities, members of the STG (Stakeholders Group);

- leading industrial experts, members of the EXG (Experts Group) having an interest in either the use or the development of LNG for shipping, including:

• Ship-owners

• Ship brokers

• Gas Terminal Operators

• LNG producer/trader

• LNG brokers

• Other interested parties

ITALY GREECE SPAIN PORTUGAL

Main Beneficiary: Italian Ministry of Transport - MIT

Ocean Finance Almazan Engenieros Instituto Portuario e dos Transportes Maritimos – IPTM

Coordinator RINA Fondacion Valencia Port

Port Authority Madeira

Grimaldi Napoli Port Authority Azores

Grandi Navi Veloci

Liguria Regional Government

Administrations

Financial

experts

Technical

Operators/Ports

Classification Society

Page 5

1.9.2012 – 30.4.2014

COSTA team

Mario DOGLIANI

Head of Project Financing

0

10

20

30

40

50

60

70

80

90

100

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Nu

mb

er

of

ship

s d

eliv

ere

d

Year of delivery

Development of LNG fuelled fleet

Total In operation Total Under construction/contract signed

Currently 95 confirmed LNG fuelled ship projects

6

Updated 23.01.2014 Excluding LNG carriers and inland waterway vessels

Source: DNV

Almost all in the Baltic

TECHNICAL

Mario DOGLIANI

Head of Project Financing

• Overall, the LNG industry has an excellent safety record

• LNG has been safely delivered across the ocean for – over 40 years – over 45,000 LNG carrier voyages – more than 100 million miles,

without major accidents or safety problems either in port or at sea

SOCIAL

Mario DOGLIANI

Head of Project Financing

m aking the best together

GROUPRINA

REGULATORY

EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR MOBILITY AND TRANSPORT Directorate D - Logistics, maritime & land transport and passenger rights D.1 - Maritime transport & logistics

Brussels, MOVE D1/MK/VD/LT

TERMS OF REFERENCE (ToR)

FOR A SUB-GROUP ON MARINE LNG ESTABLISHED UNDER THE EUROPEAN SUSTAINABLE SHIPPING

FORUM (ESSF)

Mario DOGLIANI

Head of Project Financing

• BIO LNG • Scrubber • Energy efficiency • Methanol • …..

ENVIRONMENTAL

Mario DOGLIANI

Head of Project Financing

Fig. is courtesy of The DMA

LOGISTIC

Mario DOGLIANI

Head of Project Financing

Fig. is courtesy of The DMA

LOGISTIC

Mario DOGLIANI

Head of Project Financing

FINANCIAL (SPREAD)

MGO FR

EE O

N B

OA

RD

co

st o

f M

GO

Ship opex

HFO

Ship

LNG

Distribu-tion

B

asic

Sp

read

FREE ON BOARD Spread

Cleaning

Mario DOGLIANI

Head of Project Financing

Everything clear?

2030 2020

Mario DOGLIANI

Head of Project Financing

How much? Demand Analysis

Where?

Supply Analysis

How? Technical and Logistics

Solutions

Decision Sustainability of

solutions

Recommendation

MASTERPLAN

Mario DOGLIANI

Head of Project Financing

FUTURE: Black, Green & Blue

Mario DOGLIANI

Head of Project Financing

ATLANTIC ZONE

Açores Islands

Canary Islands

Madeira Islands

A Coruña

Gijon

Bilbao

Leixoes

Lisbon

Sines Seville

Algeciras Cartagena

Balearic Islands

Valencia

Tarragona

Barcelona

Fos

Marseille

Genoa

La Spezia

Leghorn

Naples

Palermo

Gioia Tauro

La Valletta Marsaxlokk

Taranto

Bari

Ancona

Ravenna

Venice

Trieste

Koper

Igoumenitsa

Thessaloniki

Patras Piraeus

Limassol

Bourgas

Constantza

Las Palmas

Palma

Ceuta

Melilla

Core ports

Other ports included

Demand

Mario DOGLIANI

Head of Project Financing

Demand analysis - example

Mario DOGLIANI

Head of Project Financing

ESTIMATES

Mario DOGLIANI

Head of Project Financing

Mario DOGLIANI

Head of Project Financing

MASTERPLAN

Mario DOGLIANI

Head of Project Financing

Recommendations

Mario DOGLIANI

Head of Project Financing

Can we afford the wait & see?

Mario DOGLIANI

Head of Project Financing

Can we afford the wait & see?

Mario DOGLIANI

Head of Project Financing

Thank you for your attention