FLNG a Better Option for Croatia’s 1st LNG Import Terminal

Image Courtesy: Croatian Govt

The Croatian Government is looking into a floating LNG terminal as the country wants to speed up its efforts on construction of an LNG terminal in the Northern Adriatic sea which has been long overdue.

A floating LNG terminal would reduce the construction costs and take only two years to bring to fruition, instead of at least five years it is required now to construct the terminal on the island of Krk, First Deputy Prime Minister of Croatia, Tomislav Karamarko told US Special Envoy and Coordinator for International Energy Affairs, Amos J Hochstein.

Croatia’s first LNG import terminal, currently being reviewed by the European Investment Bank, is supposed to have a throughput capacity of 6 Gm3/year and will include a tanker jetty to accommodate the LNG carriers, 2 LNG storage tanks with a total storage capacity of up to 360 000 m3 LNG, vaporisers and ancillary equipment.

EIB is considering to finance approximately EUR 339 million, from the total cost set at EUR 678 million.

The final scope and exact costs are expected to be defined at a later stage.

According to Karamarko, there is a need to make the project a priority and speed things up as the previous government was inefficient in making key decisions necessary for the construction of the LNG terminal.

Hocshtein promised the US support in the construction of the gas transportation system required for the integration of the LNG terminal in Croatia’s existing power network, stressing that the LNG project is of mutual interest.

The LNG Krk is classified as a project of common interest (PCI) and included in the top priority list under the Central and South-Eastern European Gas Connectivity initiative (CESEC). The project would help to meet the security of supply objectives of the European Union.

World Maritime News Staff

 

 

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >