Venice LNG, a subsidiary of the Decal Spa Group, has gained the authorization for the construction and operation of an LNG store in Porto Marghera. The project is promoted and supported by the Port System Authority of the Northern Adriatic Sea and was co-financed by the European Commission within the CEF (Connecting Europe Facility) programming through the actions called Gainn4SEA and Venice LNG Facility for a total of €18.5 million. Gian Luigi Triboldi, President and CEO of Venice LNG, said ‘We are pleased to have reached the Authorization Decree, since it confirms the value of our project,’.