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LNG Croatia plans smaller project, issues new FSRU tender

LNG vessel

10 May 2018, News Wires – LNG Croatia, the state-owned company that is developing the country’s first liquefied natural gas facility on the island of Krk, has issued a new tender for the provision of a floating storage and regasification unit (FSRU).

The company said in its statement it canceled the previous tender because of the need to reduce the size of the LNG project.

“It was necessary to revise the technical characteristics and capacities of the initially requested FSRU to reduce the initially planned capital costs of the project and enable the realization of the project with a lower capacity booking,” LNG Croatia said without providing any additional information.

The deadline for the submission of the bids to participate is June 8.

The initial capacity of the LNG facility was 2.6 billion cubic metres (bcm) of gas a year with a planned start-up date in 2020.

To remind, LNG Croatia has recently pushed back the second round of bidding for the use of the planned terminal’s capacity.

Previous local media reports suggested that the company received only a few proposals during the first bidding round.

The Krk LNG import project would be developed in two phases. The first phase includes setting up of the FSRU while the second phase entails the construction of a land-based LNG import facility, according to LNG Croatia.

The European Union has put the LNG terminal on its list of projects of common interest and will invest 101.4 million euros ($120.2m) in the development. The first phase of the LNG project was previously expected to cost about 383.6 million euros.

 

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