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>

<< Jun 2019 >>
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

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >