Croatia, Government has approved the investment of 180 million euros in the expansion of LNG terminal on the island of Krk

, SEE Energy News

The Croatian Government has approved the investment of 180 million euros in the expansion of liquefied natural gas (LNG) terminal on the island of Krk and the construction of Zlobin- Bosiljevo gas pipeline.

Minister of Economy and Sustainable Development Davor Filipovic said that the capacity of the LNG terminal will be increased from 2.9 to 6.1 billion cubic meters of gas per year, while the construction of a new pipeline will strengthen the security of gas supply within the country.

Of the allocated 180 million euros, 25 million will be used for upgrading the capacities of the Krk LNG terminal, while the rest will be used for the construction of the gas pipeline and the expansion of the distribution network.

Prime Minister Andrej Plenkovic sad that Croatian natural gas transmission system operator Plinacro will use funds from the REPowerEU scheme, adding that these projects will make Croatia a regional energy hub.