Finland’s Wartsila has secured a contract to supply one regasification module for the 140,000-cbm FSRU LNG Croatia as part of Croatia’s plans to boost the capacity of the Krk LNG terminal.
Wartsila Gas Solutions, a unit of Wartsila, and state-owned LNG Croatia signed the contract on Friday, Croatian economy minister Davor Filipovic said via social media.
The contract is worth about 22.9 million euros ($25.3 million).
According to the minister, the regas module will have a maximum capacity of 250,000 m3/h.
The module should be installed in summer 2025.
LNG Croatia confirmed the signing of the deal in a statement later on Friday.
According to LNG Croatia’s website, the current three LNG regasification units have a maximum regasification rate of 451,840 m3/h.
Following the upgrade, the FSRU-based facility will have a capacity of about 6.1 bcm per year.
LNG Croatia expects to offer additional capacities to the market from the gas year starting on October 1, 2025.
Due to high demand, Croatia decided to further increase the capacity of its FSRU-based LNG import terminal in August last year.
The expansion will cost about 180 million euros ($199 million), while the bigger part of the project includes the construction of a new pipeline from Zlobin to Bosiljevo worth about 155 million euros.
Croatia is expecting to secure EU funds for part of this expansion. It previously received EU funds for the terminal as well.
The FSRU-based Krk terminal recently welcomed an LNG cargo from Eni’s Coral Sul FLNG located off Mozambique.
This is the 59th LNG cargo for the FSRU since it started operations in January 2021.
(Updated with a statement by LNG Croatia.)