Croatia decides to boost Krk LNG capacity

Croatia has decided to further increase the capacity of its FSRU-based LNG import terminal on the northern Adriatic island of Krk.

The Croatian government led by Prime Minister Andrej Plenkovic adopted this strategic decision on Thursday, according to a statement.

Plenkovic said earlier this year that Croatia was nearing a decision to increase the capacity of the terminal from current 2.9 bcm to 6.1 cbm, as European countries look to slash reliance on Russian pipeline gas.

The expansion project would cost about 180 million euros ($183.1 million) and includes the construction of a new pipeline from Zlobin to Bosiljevo.

Out of this, about 25 million euros would go into works at the FSRU-based facility while 155 million euros would be invested in the pipeline part of the project.

Plenkovic said that Croatia plans to use EU funds under the REPowerEU plan to finance the expansion.

State-owned LNG terminal operator, LNG Croatia, said in a separate statement on Wednesday that it has received its 38th LNG cargo since the start of operations in January last year.

The 2015-built, 162,000-cbm BW Pavilion Leeara, owned by BW, delivered the new shipment to the FSRU from Sempra’s Cameron LNG plant in the US, its AIS data provided by VesselsValue shows.

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