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LNG Terminal on Krk to be Complete by 2020

CroatiaCroatia’s Minister of Economy Ivan Vrdoljak confirmed today that the planned LNG terminal on the Adriatic island of Krk has been given priority status by the European Commission and should be complete by 2020 at the latest…

Vrdoljak said the project was not just about Europe’s energy infrastructure, but also security of supply, which is a priority on all lists of projects potentially funded by the European Commission.

“European funds are open for such projects, and Croatia will have to over the next month announce tenders for co-development of the main design, technical solutions and other also other documentation necessary for future funding of the construction of the terminal itself,” said Vrdoljak, adding that planning permission for the location of the terminal was set to be issued.

Vrdoljak expects that around 50%, or 320 million euros, will be funded by the European Commission.

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