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.

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