Croatian LNG terminal granted EU funds

Croatian LNG terminal granted EU funds
Illustration purposes only (Image courtesy of LNG Hrvatska)

Croatian LNG project on the island of Krk has been awarded 102 million euros ($108.6 million) under the European Union’s Connecting Europe facility (CEF). 

The EU member states have agreed on the European Commission’s proposal to invest 444 million euros in priority energy infrastructure.

According to the filing, the funds will be used for the studies for the FSRU solution at the terminal as well as the construction of the facility.

Last year, Croatian government opted to utilize the floating LNG solution for its import facility, with an initial capacity of 2 billion cubic meters of gas per year.

LNG Croatia (LNG Hrvatska), the company developing the LNG terminal, expects the to have the project completed in 2019.

The total costs of the LNG project are estimated to be around 363 million euros.

1 EUR = 1.06530 USD

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

CIMPC 2017

The 2017 Chine International Marine Corrosion & Protection Technology and Innovation and Application Development Forum will be held in March in Shanghai, China.

The Forum will continue to maintain a high standard, specialization, and internationalization. In addition to focusing on marine areas, it will also extend to the corrosion and protection of land and air engineering.  By showing the outstanding results of China in the aspects of corrosion technology research and engineering applications, as well as by introducing the advanced anti-corrosion technology and products, it is aimed to promote the development of China’s corrosion & protection technology and engineering application.

More info

read more >

Papua New Guinea Petroleum & Energy Summit

Capitalise on the Exciting Commercial Opportunities in the Papua New Guinean Oil & Gas Sector

read more >

NGV Global 2017

The NGV GLOBAL 2017 Conference will bring together leaders in the world natural gas for vehicles to discuss current trends, development…

read more >

Gastech Conference & Exhibition

Gastech Conference & Exhibition represents and addresses the current commercial and technical challenges spanning the entire natural gas & LNG supply chain..

read more >