The European Commission greenlights Croatian plans to support the construction and operation of a LNG terminal at Krk island, as they are in compliance with the EU state aid rules. The project will participate in the security and diversification of energy supplies.
The Final Investment Decision for the floating LNG terminal on the Croatian Island of Krk was adopted on January 31, 2019. The procurement process of the FSRU vessel took place in November 2018, during which the bid from Golar was evaluated as the most economically beneficial, offering a new conversion of the existing LNG tanker to the FSRU vessel worth EUR 159.6 million.
LNG Croatia received three bids for the Floating Storage & Regasification Unit with the provision of FSRU operation and maintenance services. After reviewing and evaluating the bids, LNG Croatia said that Golar’s bid was fully in line with the requirements of the tender documentation.
LNG Croatia, the state-run company that is responsible for Croatia’s first LNG facility on the island of Krk, informed interested companies that the deadline for closing the Open Season second round is being prolonged, until 28th of September 2018. the deadline for closing the second round of the Open Season procedure was 3rd of August 2018.
Croatia gave the green light to the construction of an LNG terminal on the island of Krk. Namely, the country passed a law last week, enabling the construction, which will be partly funded by the EU. The EU will provide 101.4 million euros for the project, with the remainder being financed from equity and loans.
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