According to the latest Reuters report, the EU’s antitrust regulators have approved the Croatian government’s plans to support the construction and operation of the Krk LNG terminal.
The EU has approved the support as the terminal is expected to play an important role in reducing the region’s dependence on energy imports from Russia.
Europe’s Competition Commissioner Margrethe Vestager said in a statement:
“We have approved the support measures to be granted by Croatia because they are limited to what is necessary to make the project happen and in line with our state aid rules.”
Croatia will co-finance the terminal with €100 million. The EU has also provided €101.4 million for the project.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/31072019/eu-approves-croatian-aid-for-krk-lng/