Croatia’s Krk LNG terminal receives cargo from Egypt

Croatia’s FSRU-based Krk import facility has received another cargo of liquefied natural gas (LNG) from Egypt, according to shipping data.

State-owned terminal operator LNG Croatia said in a short statement on Sunday it received the 49th LNG cargo at its import facility since the launch of operations in January last year.

The 2018-built 173,400-cbm, British Achiever, is expected to depart from the 140,000-cbm FSRU on December 8.

LNG Croatia did not reveal the source of the LNG shipment but British Achiever’s AIS data provided by VesselsValue shows that the vessel previously loaded the cargo at the Eni-led Damietta terminal in Egypt.

This is the second cargo in a month to arrive from the Damietta terminal to the Croatian FSRU following the shipment by the 173,400-cbm, British Mentor.

Both of these vessels serve BP under charter deals.

BP has a contract with Segas, the operator of the Damietta LNG plant, for about 1 mtpa of LNG, GIIGNL data shows.

The Damietta plant started exporting LNG again in February last year following a deal between Egypt’s EGPC and EGAS, Italy’s Eni, and Spain’s Naturgy.

The Croatian FSRU mainly receives LNG volumes from the US. Besides Egypt, it also received shipments from Nigeria, Trinidad and Tobago, and reloads from Dunkirk, Zeebrugge, and Barcelona.

European LNG demand spiked this year as European countries look to replace Russian pipeline gas and boost energy security.

Due to high demand, Croatia decided to further increase the capacity of its FSRU-based LNG import terminal.

The capacity of the terminal will rise to 6.1 bcm and the expansion project will cost about 180 million euros ($190 million).

The bigger part of the project includes the construction of a new pipeline from Zlobin to Bosiljevo while the FSRU should get a new regasification module in 2024.

Austria and the German state of Bavaria have recently shown interest to receive natural gas supplies in the future from the facility on the northern Adriatic island of Krk.

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