Krk, Croatia (PortSEurope) December 27, 2016 – A plan to construct an LNG facility on the Croatian Adriatic island of Krk are progressing with increased U.S. interest.
Initially, Croatia’s state-owned Plinacro will be responsible for the infrastructure to convert LNG into gas, although a plan to build a land terminal has been replaced by smaller floating terminal, with the capacity of around 1.8 billion cubic metres a year. Private funding will be sought for this stage of the project. The EU has provided €5 million ($5.23 million) for project documentation, and further financing will be required.
Such a terminal would allow Croatia to become an energy player in a growing sector, as shipping companies plan to adopt LNG as fuel for their vessels.
US Ambassador to Croatia Julieta Valls Noyes said that U.S. companies would be interested in the project, which would also support energy objectives of southeast Europe to diversify sources. The U.S. plans to become a leading LNG exporter.
Source: Total Croatia News (News portal)