Deliveries from Croatian LNG terminal start
Photo by Shutterstock.com
The state-owned Hungarian Electricity Works (MVM) on Monday said the Croatian unit of its gas trading company MFGK took its first liquefied natural gas (LNG) delivery from the newly commissioned LNG terminal off the Croatian island of Krk, state news wire MTI reports.
The first LNG tanker docked at the Krk terminal on January 1, 2021.
MFGK has booked regasification capacity for 6.75 billion cubic meters of gas at the Krk terminal over a period of almost seven years starting in 2021.
MVM said the commissioning of the terminal opens "a new age" in Hungary's gas supply, giving the country direct access to sources and market players previously unavailable on Hungarian and regional markets.
ADVERTISEMENT
Number of Liquidations Increasing Rapidly
Orbán's Salary Increased to HUF 4.178 mln
Hungary Tops out HUF 300bn Munitions Complex
Around 2,800 Events Take Place in European Capital of Cultur...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
