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Tuesday, January 16, 2018

Croatia May Choose FLNG Terminal

Maritime Activity Reports, Inc.

March 3, 2016

Image: LNG terminal Krk

Image: LNG terminal Krk

 According to Reuters, Croatia may decide to construct a floating LNG (FLNG) vessel for the northern Adriatic – as opposed to an onshore liquefaction plant – in order to begin operations sooner. 

At the moment, it is unclear what would become of the plans for a land-based terminal on the northern Adriatic island, Krk. So far, seven non-binding bids from both industrial and financial investors have been made for the onshore project.
Croatian First Deputy Prime Minister Tomislav Karamarko met in Zagreb with Amos J. Hochstein, the special envoy and coordinator for international energy issues at the US State Department, reports on March 2, 2016.
The two sides agreed that the LNG terminal on the island of Krk is a project of mutual interest for both Croatia and the United States of America, said the Croatian government in a statement.
Karamarko said that initially it would be a floating terminal because it would cost less and would be easier to build, and that it could become a fully functioning terminal within a period of two years.
The American representative promised the support of his government to Croatia regarding the construction of gas transportation system required for the integration of the LNG terminal on the island of Krk into the existing Croatian gas network.
It remains unclear what would happen to the ongoing plans for construction of a land-based terminal on the northern Adriatic island of Krk, for which Croatia has received seven non-binding bids from industrial and financial investors.
LNG Croatia LLC is the company responsible for the development of LNG import terminal Project on the Island of Krk. 
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