MET Croatia Energy Trade has submitted a binding offer to LNG Croatia to book capacities in the Krk LNG terminal for a three-year period, amounting to 1.3 billion m3 overall.
According to MET’s company statement, the Croatian LNG project will help Central and Eastern Europe (CEE) to become an integral part of the global LNG market. Furthermore, Croatian LNG imports will reportedly help MET Group link most of its downstream markets both from pipeline gas and from an LNG perspective as well.
MET International, the supply and trading arm of MET Group, opened its LNG desk in 2016, and has since been delivering LNG cargos primarily into its natural gas supply markets in Spain and Italy. According to MET, the LNG terminal in Krk represents a new supply point for the CEE region, bringing with it greater source diversification opportunities and, subsequently, greater security of supply.
“MET Group is actively monitoring the global growth for LNG and increasing the volume of LNG delivered day by day. To succeed on the LNG market, apart from the specific knowledge with a global LNG desk, it is necessary to have a local presence, i.e. a market access for gas placement. We are the only player in the region that has both. Therefore, we have no doubt that booking the capacity in the LNG terminal in Krk will highly contribute to our long-term business strategy,” said Mario Matkovic, CEO of MET Croatia Energy Trade.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/05052020/met-books-capacities-in-croatian-lng-terminal/