Croatian LNG terminal construction progressing on schedule

Recycling

Photo by xbrchx / Shutterstock.com

Construction of the facilities for the liquefied natural gas (LNG) import terminal on the Croatian island of Krk in the northern Adriatic Sea is progressing on schedule, according to the company’s managing director, LNG World News reports.

Aerial view of the LNG terminal on Krk island, Croatia. Photo by xbrchx/Shutterstock.com

Speaking at the Budapest LNG Summit on Monday, Barbara Doric, managing director of Croatia LNG, the state-owned project developer, said onshore construction works have started are going according to plan.

The works are expected to be finalized in September next year, just before the arrival of the floating storage and regasification unit (FSRU) at the island of Krk in October 2020.

Doric said that this leaves the company with the whole of November and December to complete the necessary trial works and commissioning required for the approval of the usage permit in order to start operations at the import facility on January 1, 2021.

The LNG terminal is designed to transport up to 2.6 billion cubic meters (bcm) per year of natural gas into the Croatian transmission network.

This will be the country’s first such facility to supply regasified natural gas to Croatia and neighboring countries such as Hungary, Slovenia and potentially Bosnia and Herzegovina, LNG World News says.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.