Skip to main content

Croatia to put €100 million towards Krk LNG terminal

Published by
LNG Industry,


According to Reuters, Croatia will put €100 million towards the construction of a floating LNG terminal located in the northern Adriatic.

Tomislav Coric, the Energy and Environment Minister, reportedly told a cabinet session that the terminal is worth €234 million. €101.4 million of this will be provided by the EU; €32.4 million will be provided by Croatian energy firms that will lead the project; and the remaining €100 million will be provided by the state.

According to Reuters, the terminal on the island of Krk has been identified as a strategic project that will help to diversify gas imports from Russia. HEP (the state power board) and Plinacro (the gas pipeline operator) are responsible for developing the project.

Reuters reports that once the terminal has been built, the gas from the terminal will be targeted for countries in both central and southeastern Europe.

Read the article online at: https://www.lngindustry.com/regasification/31012019/croatia-to-put-100-million-towards-krk-lng-terminal/

You might also like

Woodside announces 2Q20 results

Woodside comments on the unprecedented challenges faced in 1H20 and how the company is ready to take advantage of a forecast global LNG supply shortfall later this decade.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news LNG import news Offshore LNG news Natural gas news


 

LNG Industry is not responsible for the content of external internet sites.