Croatia to speed up building of LNG terminal in Adriatic
ZAGREB (Reuters) - Croatia will pass a special law to speed up the construction of a liquefied natural gas (LNG) terminal in the northern Adriatic, Prime Minister Andrej Plenkovic said on Thursday.
Croatia produces more than half of its gas consumption, some 2.5 billion cubic metres (bcm) a year. Once the LNG terminal is built it hopes to be able to supply both its own market as well as central and eastern European countries.
"Our aim (is) to pass a special law as a key message that it is a strategic project for us. We want to better position Croatia on the European energy map and diversify energy sources," Plenkovic told a cabinet session.
The European Union has decided to put the floating LNG terminal on the island of Krk on its list of projects of common interest since it wants to diversify sources of supply and reduce dependence on Russian gas. Brussels will invest 101.4 million euros, or 28 percent of the project's assessed value.
Croatia aims to bring a final investment decision this year and plans to make the terminal operational in early 2020.
However, some local environmental groups and regional authorities have opposed the proposal for the terminal saying it represents a threat to the ecological balance in the sea.
Croatia's plan is to construct a terminal with an initial capacity of 2.6 bcm of gas a year, which could be gradually expanded to as much as 7.0 bcm a year.
(Reporting by Igor Ilic; editing by Alexander Smith)
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments