Croatia invites bids for LNG project

Source: Xinhua| 2017-09-13 03:51:57|Editor: yan

ZAGREB, Sept. 12 (Xinhua) -- LNG Croatia, a joint venture developing Croatia's floating liquefied natural gas terminal in the northern Adriatic, has just invited bids for infrastructure constructions as part of the country's drive for energy independence, local newspaper Novi List reported on Tuesday.

The bids include a jetty, a connecting gas pipeline, a floating storage, re-gasification unit and other installations essential for its LNG terminal project.

The deadline for the submission of the bids is Sept. 29, while contracts with selected companies are expected to be signed by the end of the year.

The terminal on the island of Krk would be able to receive, store and re-gasify LNG and is seen as a new gas supply route for Central and Southeast Europe.

LNG Croatia announced that the terminal, with initial capacity of two billion cubic meters of gas per year, should be completed by the end of 2019, while the first deliveries should start in 2020.

In February, the LNG project was awarded 102 million euros under European Union's Connecting Europe Facility (CEF) fund. The total value of the project is estimated at 363 million euros.

Croatia had initially aimed at constructing a land-based terminal with three times larger capacity than the floating one. In 2016, the Croatian government opted for the floating LNG solution.

Croatian President Kolinda Grabar-Kitarovic has been reiterating in the past two years that "as far as LNG is concerned, we have no time to lose" and that "we should not allow Croatia to become a dead end in terms of energy". (1 euro = 1.2 U.S. dollars)

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