Croatia may choose FLNG vessel over onshore plant

According to Reuters, Croatia may decide to construct a floating LNG (FLNG) vessel for the northern Adriatic – as opposed to an onshore liquefaction plant – in order to begin operations sooner. At the moment, it is unclear what would become of the plans for a land-based terminal on the northern Adriatic island, Krk. So far, seven non-binding bids from both industrial and financial investors have been made for the onshore project.

The government reportedly said that it “will give the highest priority to this project. At the beginning, the focus will be on a floating terminal as it is cheaper and can become operational in two years.” This statement followed a meeting between Tomislav Karamarko – the Croatian Deputy Prime Minister – and Amos Hochstein – the US energy envoy.

Reuters reports that the onshore terminal, with a capacity of up to 6 billion m³, was expected to be operational by mid-2019 at the earliest.

Edited from various sources by David Rowlands

Read the article online at: https://www.lngindustry.com/floating-lng/02032016/croatia-may-choose-flng-vessel-over-onshore-plant-2069/