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PowerGlobe seeks for 10 years LNG vessel charter agreement

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LNG Industry,

PowerGlobe (PG) is making plans to secure a 10 year LNG vessel time-charter agreement to support its new booked capacity allocation at Croatia’s floating terminal, on the northern Adriatic island of Krk.

The company has booked all the remaining capacity of the Croatian terminal equal to 0.468 billion m3 per year, in accordance with the rules of operation of the LNG terminal (official Gazette, No. 60/18 and 39/20), as per the Croatia Ministry of Energy. The LNG Croatia terminal’s commercial operations will start from 1 January 2021.

PG continues to look for more capacity across the European LNG import terminals.

Having booked its full capacity for the next 15 years, the LNG Croatia project will help provide gas supply security for Croatia and the rest of the region, including: Hungary, Slovenia, Slovakia, and Czech Republic. Additionally, the project will contribute to the security of gas supply across the European Union (EU).

The capacity of the Krk LNG terminal is approximately 2.5 billion m3 of gas per year. From 2027 to 2030 LNG Croatia has already sold a capacity of 1.14 billion m3 of gas annually.

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