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Croatia believes it will become a gas hub for Europe

Croatia believes it will become a gas hub for Europe 

Croatia believes that it can become a gas hub for the countries of Central and Eastern Europe. According to Prime Minister Andrei Plenkovich, she will achieve this with the help of a regasification terminal on the island of Krk.

 Croatia terminal Krk


“We made a strategic decision to invest in the LNG terminal on the island of Krk . I think this is primarily important for the diversification of gas supplies. I think this gives us the opportunity to be an “input” hub for Central and Eastern Europe. That’s the idea, ”the head of government explained.

“ And I think opening a compressor station with the possibility of reverse gas supplies that will allow the “blue fuel” that comes to Krk to go, for example, to Hungary, is a step forward ”, Plenkovich told the agency RIA Novosti .

True, the capacity of the new terminal on the island is unlikely to make Croatia a major transit country. Its throughput will be only about 2.7 billion cubic meters of gas per year. However, for such a small country this volume will also be a significant help.

Croatia is in a hurry to open a terminal

Meanwhile, construction is in full swing. From 2021, gas will begin to flow into the national gas pipeline network of Croatia. The total investment cost of creating the terminal is 233.6 million euros ($ 260.4 million).

Construction is financed by direct equity investment of 32.2 million euros from shareholders of the terminal operator company, an investment of 101 , € 4 million from the Connecting Europe Facility and direct funding of € 100 million from the Croatian state budget.

As the regasifier will be used the converted 2005 Golar Viking LNG tanker, which will be converted into FSRU . The cost of the work will be 159.6 million euros (182.2 million dollars), their completion is expected from September 30 to October 20, 2020. : ///

Record Croatia believes it will become a gas hub for Europe first appeared TEKNOBLOG .

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