Croatia: Land LNG terminal should be built after the floating one

19. May 2016. / SEE Energy News

The President of the Committee for Economy Domagoj Ivan Milosevic believes that Croatia should build both terminals, floating and the land one. Due to the fact that the terminal should be built as soon as possible, floating terminal which could be completed in two years is much better option at the moment than land terminal, which construction would last up to four years. In addition, the cost of floating LNG terminal is even ten times lower than the cost of land terminal.

The Parliamentary Committee for Economy concluded that the LNG terminal of Krk island is of strategic interest for Croatia, region and the European Union, the Government should not withdraw from the project and small-scale floating terminal, which could be built in two years, should only precede the construction of land based terminal.

According to the Croatian Minister of Energy Tomislav Panenic, the amount of investment will range from 120 to 600, 700 or even 800 million euros, depending on the capacity and model of the terminal, which have not yet been precisely determined. He added that a part of the construction cost of the terminal would be assumed by the neighboring countries that will benefit from its construction, and a large part of the investment should be covered with the support from the European Commission.

Minister Panenic believes that the construction of LNG terminal is crucial for the gas business in this part of Europe, it will enable the supply of highquality energy source and increase the energy security through the decreased possibility of gas supply interruption.

The prevailing opinion at the discussion is that at the moment Croatia should built floating LNG terminal with the capacity of up to two billion cubic meters due to its lower cost, and at a later stage land based LNG terminal should be built as well.

The President of the Committee for Economy Domagoj Ivan Milosevic believes that Croatia should build both terminals, floating and the land one. Due to the fact that the terminal should be built as soon as possible, floating terminal which could be completed in two years is much better option at the moment than land terminal, which construction would last up to four years. In addition, the cost of floating LNG terminal is even ten times lower than the cost of land terminal.

The LNG terminal on Krk island should be a forerunner of other Croatian energy projects and will be the first project to capitalize on a good geostrategic position of Croatia, transmits Serbia-energy.eu

Download as PDF :

Download PDF