Total studies an LNG receiving terminal in Croatia
Total SA announces the formation of the new company, Adria LNG, to study the construction of a regaseification terminal for liquefied natural gas (LNG) on the Croatian coast.
The terminal will be located on the Croatian island of Krk in northern Adriatic, well positioned to access the European gas market and to receive LNG supply from a variety of sources.
Total SA holds 25.58% in Adria LNG and is associated with E.ON Ruhrgas (31.15%), OMV (25.58%), RWE (16.69%) and Geoplin (1%). The new terminal will have an initial capacity of some 10 billion cubic meters (Bcm) per annum, which could be increased to 15 Bcm per annum. It will be designed for LNG tankers carrying up to 265,000 cubic meters. Final investment decision for the project is expected end 2008 and first operation of the LNG receiving terminal in 2012. (businesswire.com)
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