US supports Croatian LNG project

US supports Croatian LNG projectKaramarko (left) Hochstein (right) (Image courtesy of vlada.gov.hr)

United States are keen on supporting the development of the Croatian LNG terminal, U.S. energy envoy Amos Hochstein said on Wednesday. 

At a meeting with the Croatian deputy prime minister Tomislav Karamarko, Hochstein voiced the United States are willing to help in the construction of the gas transmission system that would integrate the LNG terminal into the existing Croatian network.

A statement by the Croatian government reveals that it is yet unclear whether the country will opt for a land-based terminal or a floating LNG option that would be completed in a far shorter period.

European Investment Bank began its appraisal of the project based on the proposed land-based option, as it could fund up to €339 million of the project’s total cost that is in the region of €678 million.

The land-based terminal on the Island of Krk would include a tanker jetty, 2 LNG storage tanks with a total storage capacity of up to 360,000 cbm, and have a throughput capacity of 6 billion cubic meters per year.

However, at the meeting with Hochstein, Karamarko noted that the government will give the highest priority to the project and also focus on the floating LNG option, as it would only take two years to complete.

The floating LNG option would enable Croatia to reach the initial target of starting up the terminal during 2019, as the land-based terminal’s construction could take five years, the deputy prime minister said.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 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 29 30

CWC China LNG & Gas International Summit & Exhibition

Where the Chinese & International LNG & Gas Industry Meet

read more >

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 >

Flame 2017

Join 650+ gas producers and consumers, infrastructure providers, traders and regulators at Europe’s largest annual industry meeting, Flame 2017.

read more >

ConferenzaGNL 2017

ConferenzaGNL will take place together with ExpoGNL, a two-days exhibition of projects, land and maritime technologies, cryogenic components…

read more >