Croatian FSRU gets 75th LNG cargo

Croatia’s FSRU-based Krk terminal has received its 75th liquefied natural gas (LNG) cargo since the launch of operations in January 2021.

The 2015-built 170,500-cbm, Kool Baltic, arrived at the 140,000-cbm FSRU on October 14, according to a short statement by state-owned LNG terminal operator LNG Croatia.

Kool Baltic’s AIS data provided by VesselsValue shows that the LNG carrier delivered the cargo to the FSRU from Cheniere’s Sabine Pass LNG export plant in Louisiana.

LNG carrier operator CoolCo, who also manages the Croatian FSRU, purchased Kool Baltic and three other LNG carriers last year from its largest shareholder Eastern Pacific Shipping.

The vessel serves a long-term charter with LNG giant Shell that also has a long-term contract for volumes from the Sabine Pass plant.

Back in 2020, Shell signed a six-year deal with Hungary to supply the country with LNG via the Croatian terminal.

The Croatian FSRU mainly receives shipments from the US, but it also received cargoes from Qatar, Nigeria, Egypt, Trinidad, Indonesia, and reloads from European terminals.

Hungary’s MFGK and a unit of Switzerland-based trading firm MET are some of the users of the facility.

From the start of commercial operations, the LNG terminal has regasified more than 10.2 million cubic meters of LNG and shipped more than 6 billion cubic meters of natural gas into the Croatian system, according to LNG Croatia’s website.

Due to high demand, LNG Croatia is currently working to boost the capacity of its FSRU-based Krk LNG terminal.

Earlier this year, Finland’s Wartsila won a contract to supply one regasification module for the FSRU.

Under the contract, Wartsila Gas Solutions, a unit of Wartsila, will build the regas module with a maximum capacity of 250,000 m3/h.

The current three LNG regasification units have a maximum regasification rate of 451,840 m3/h.

Following the upgrade, the Krk LNG facility will have a capacity of about 6.1 bcm per year in 2025.

Most Popular

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

More News Like This

Shell’s LNG Canada expansion project to get boost from government

Canadian Prime Minister Mark Carney named the planned second phase of Shell's LNG Canada export project as one of the major projects the federal government would help fast-track.

Shell seals Hungarian gas supply deal

UK-based LNG giant Shell has signed a deal with Hungarian gas trader MVM CEEnergy to supply the latter with natural gas for 10 years.

Shell, Hapag-Lloyd seal bio-LNG bunkering deal

A unit of UK-based LNG giant Shell has signed a deal with Germany's Hapag-Lloyd to supply the latter's dual-fuel container vessels with bio-LNG.

Peru LNG sent four cargoes in August

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes in August, one less than in the previous month.