Home » Business » 7 Bids Received to Build LNG Terminal on the Island of Krk

7 Bids Received to Build LNG Terminal on the Island of Krk


(artists impression)

A total of seven bids had been received to build a liquefied natural gas (LNG) terminal on the Croatian island of Krk in the northern Adriatic, Reuters reported on Monday…

LNG Croatia, a joint venture between power utility HEP and gas system operator Plinacro, said on Monday that four bids from industrial investors and three bids from financial investors had been received.

The terminal, which will have a nominal capacity of 6 billion cubic metres and help Croatia reduce its reliance on Russian gas imports, is expected to be complete by mid-2019.

The proposed terminal would be able to receive, store and re-gasify LNG, opening Croatia up to imports from LNG suppliers such as Qatar, Reuters said.

“All potential investors are world-class companies/funds with strong backgrounds in gas industry and financial businesses. The evaluation process by legal and financial advisers and technical experts begins,” it said, without naming the bidders,” the company said in a statement.

Share on:
0 / 5 (0 votes)

Sign up to receive the Croatia Week Newsletter

Related Posts

2017 Water Polo World Championship: Croatia into Quarterfinals

The Croatian water polo team have advanced through to the quarterfinal of the 2017 Water Polo World Championships in Budapest on Friday with a convincing victory over Japan. The Croatians followed up victories over USA and Russia this week with a 16:6 (5:1, 5:3, 4:1, 2:1) trouncing of Japan to finish at the top of...

[PHOTOS] Croatian President Meets Sydney’s Croatian Community

Croatian president Kolinda Grabar-Kitarović has begun her official visit to Australia and New Zealand on Sunday by meeting members of the Croatian community in Sydney. Grabar-Kitarović, who is the first Croatian president to visit Australia and New Zealand since Franjo Tuđman visited in 1995, has been welcomed to Australia by Sydney’s Croatian community, SBS Croatian...

8 Interesting Things About Lošinj Island

There are more than 1200 islands in Croatia, along with Norway we have the most indented coast in Europe. Each island is specific for some reason and here are some of them that make the island of Lošinj the perfect place to spend your vacation. Trust us, we’ve been there. The main town of Mali...

5 Tourist Traps to Watch for in Croatia

  By Alex Cote In a matter of a few years, Croatia has transformed from Europe’s hidden gem to Europe’s hottest holiday destination. With spotless beaches along the Adriatic, national parks full of waterfalls, and charming cobble-stoned cities, it’s unlikely that Croatia will fall off the radar anytime soon. However, just like in any other...

UEFA Champions League Semi-Final Draw: Zadar & Madrid Produce Most Players

The UEFA Champions League semi-final draw has taken place today in Nyon, with some tasty matchups in store. Mario Mandžukić’s Juventus will face Danijel Subašić’s Monaco side, whilst Luka Modrić and Mateo Kovačić’s Real Madrid meet Šime Vrsaljko’s Atletico Madrid. Monaco v Juventus Real Madrid v Atletico Madrid  Whilst Croatia and Brazil are the only...