Croatia receives second LNG cargo

Croatia has received its second shipment at the Krk Island facility in the northern Adriatic Sea, after officially becoming an LNG importing nation on January 1.

To remind, LNG Prime reported on the shipment on February 15 after the 162,000-cbm Adam LNG loaded the cargo at Nigeria’s Bonny facility.

The Oman Shipping Company’s vessel arrived at the LNG Croatia FSRU on Tuesday, according to its AIS data. The state-owned terminal operator, LNG Croatia, also confirmed the arrival in a statement.

In addition, Croatian power utility HEP, a shareholder in the terminal, purchased the 145,000 cbm cargo.

LNG Croatia expects the third cargo to land at the facility this month as well.

To remind, Croatia’s first and only LNG facility on the Krk Island received its first commercial cargo onboard the 155,000-cbm Tristar Ruby. Hungary’s MFGK purchased the first cargo that arrived from the Dominion Cove Point facility in the US.

However, the terminal did not receive any additional cargoes until now with some reports suggesting the reason behind this could be that cargoes diverted from Europe to higher-paying markets in Asia following an unbelievable surge in spot prices in January.

Besides the FSRU, the Krk import facility consists of a jetty and a high-pressure gas pipeline.

Croatia’s first LNG terminal has the capacity to send up to 2.6 bcm per year of natural gas into the national grid.

The LNG import project costs 233.6 million euros ($284 million) but the European Union provided 101.4 million euros.

Most Popular

Venture Global’s Plaquemines LNG terminal achieves first production

Venture Global announced on Friday it had reached first LNG production at the company’s second facility, Plaquemines LNG, in...

Spot LNG rates remain weak

“Spark30S rates rose for a fourth consecutive week, increasing marginally by $750 to $23,500 per day,” Qasim Afghan, Spark’s commercial...

Swan Energy, Nebula’s AG&P LNG plan Indian JV

Swan Energy said on Friday it had signed a heads of agreement with AG&P Terminals &Logistics (Singapore). The two firms...

More News Like This

Croatian FSRU gets 100th cargo

Croatia’s Krk liquefied natural gas (LNG) terminal has received its 100th cargo since the launch of operations in January...

LNG Croatia extends bid deadline for capacity expansion contracts

LNG Croatia is extending the deadline for the delivery of bids until September 3, 2024, it said in a...

Croatian LNG terminal operator to award new capacity expansion contracts

State-owned LNG terminal operator LNG Croatia has launched a tender for two contracts related to the capacity expansion of...

Croatian FSRU gets Algerian LNG cargo

Croatia’s Krk liquefied natural gas (LNG) terminal has received a cargo from Algeria, according to shipping data. State-owned LNG terminal...