LNG Croatia extends terminal capacity bidding round deadline

LNG Croatia extends terminal capacity bidding round deadlineImage courtesy of LNG Croatia

LNG Croatia, the state-owned company that is developing the country’s first liquefied natural gas facility on the island of Krk, has extended the second round of bidding for the capacity at the terminal.

The company said that the initial deadline for closing the second round of open season procedure was August 3.

However, since the company received requests from interested terminal users to extend the submission deadline, in cooperation with Plinacro and FGSZ it has aligned a new time plan for the completing of the open season procedure.

Considering that interested terminal users are still in the negotiations procedure with potential LNG suppliers and that finalizing negotiations about LNG supply is key for finalizing binding offers which LNG Croatia expects as a result of the open season second round, deadline for the binding offers submission will be on September, the company said.

Plinacro and its Hungarian counterpart FGSZ are conducting an open season to allow bidders to secure capacity at the entry point into transmission system (Omišalj) and Drávaszerdahely interconnection point in the direction from Croatia to Hungary.

LNG Croatia recently revised its the technical characteristics and capacities of the initially requested FSRU to reduce the initially planned capital costs of the project.

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

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.

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
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 1

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >