LNG Croatia plans smaller project, issues new FSRU tender

Image 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 on Tuesday issued a new tender for the provision of a floating storage and regasification unit (FSRU).

The company said in its statement it canceled the previous tender because of the need to reduce the size of the LNG project.

“It was necessary to revise the technical characteristics and capacities of the initially requested FSRU to reduce the initially planned capital costs of the project and enable the realization of the project with a lower capacity booking,” LNG Croatia said without providing any additional information.

The deadline for the submission of the bids to participate is June 8.

The initial capacity of the LNG facility was 2.6 billion cubic metres (bcm) of gas a year with a planned start-up date in 2020.

To remind, LNG Croatia has recently pushed back the second round of bidding for the use of the planned terminal’s capacity.

Previous local media reports suggested that the company received only a few proposals during the first bidding round.

The Krk LNG import project would be developed in two phases. The first phase includes setting up 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. The first phase of the LNG project was previously expected to cost about 383.6 million euros.

 

LNG World News Staff

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

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 >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

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

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

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 >