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Croatia plans to complete FLNG vessel in 2018

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LNG Industry,

According to Reuters, Croatia will aim to finalise the construction and delivery of a floating LNG (FLNG) vessel by 2018. The vessel will be located in the northern Adriatic, and will have an initial capacity of approximately 2 billion m3/yr.

Initially, Croatia planned to build an onshore terminal. Nonetheless, Reuters reports that the Croatian Economy Minister, Tomislav Panenic, said that the country is not ruling out all possibility of an onshore LNG terminal, but that he believes, at present, a floating terminal will help secure stability on the market.

Panenic also reportedly said that Croatia will aim to conclude any legal changes within 6 – 12 months in order to reduce costs and speed up the investment process. Foreign investors – including some of the US – have already shown interest in the possible onshore terminal on the island Krk.

Edited from various sources by David Rowlands

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