LNG Croatia has extended its deadline to year-end for bid submissions from equity investors to build an import terminal on Krk Island.
The company has extended the deadline from December 15 to December 31, “in agreement with the European Commission at the request of companies for which the LNG business is not a primary one”.
LNG Croatia’s planned €600 million, 1.6-2.4 million tonne a year LNG terminal has been designated a strategic investment project, supplying gas to EU member states in the Balkans and beyond, to reduce reliance on piped Russian gas.
Initially, Croatia considered importing LNG using a floating storage and regasification unit (FSRU) but this summer the authorities issued a location permit to build a terminal on Krk Island that will handle 75,000-265,000mᶾ LNG carriers.
LNG Croatia plans to start construction next summer, for completion in 2019. The company is a joint venture between gas-transmission system operator Plinacro and energy utility HEP.