Croatia to push on with LNG project despite low interest

Croatia to push on with LNG project despite low interest
Image courtesy of LNG Croatia

Croatian LNG project planned for the island of Krk will proceed regardless of the lack of interest from natural gas buyers. 

The country’s energy minister, Tomislav Ćorić said the project is among the most important ones for the government noting that it has received the financial backing of the European Union.

The European Union has put the LNG terminal on its list of projects of common interest and will invest 101.4 million euros ($120.2m) in the development.

Speaking before the Croatian parliament, he noted that the investment in infrastructure and new sources of supply will contribute to energy security, and the development of the floating LNG terminal will enable the diversification of sources.

Ćorić added that the project does not have an alternative since its realization kicked off and will be dominantly in Croatian ownership.

The project will be developed in two phases, with the first phase including the development of the FSRU while the second phase entails the construction of a land-based LNG import facility, according to LNG Croatia.

Minister did not comment on the potential start of construction or the start of operations at the terminal.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >