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Qatar Deal Means 2 Billion Plus to Croatian Economy

2-lng-terminalsThe Qatari delegation, led by the Minister of Industry and Energy Mohammed Saleh Abdulla Al Sada, which is currently in Croatia to progress talks regarding investing in a liquefied natural-gas terminal on the island of Krk, have visited the site yesterday…

It is the second visit by a Qatari delegation to the small town of Omisalj in the north-west of the island of Krk where a LNG terminal is to be built. The construction reportedly will cost around 630 million euros, with the benefits, according to a feasibility study accessed by daily Jutarnji list, will stretch into the billions of kuna for the Croatian economy.

Direct benefits to Croatia’s budget will be to the tune of around 230 million euro annually.  Croatian natural gas transmission system operator Plincaro will earn an extra 50-80 million euros from increased business, meaning a more than 2 billion kuna injection to the Croatian budget. Local companies are also expected to profit during the terminal’s construction (cca 350 million euro), with an extra 400 jobs created as a result.

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