Home Page
News 04 Dec 14

Croatia Accelerates New Gas Terminal Project

After Russian President Vladimir Putin halted the South Stream pipeline, Croatia will speed up its plans to build a gas terminal on the island of Krk in order to secure its gas supplies.

Sven Milekic
The propsed route of Russia's South Stream project. Photo: Wikimedia Commons.

Croatian deputy prime minister Branko Grcic said on Wednesday that the cancellation of the South Stream project was “an impulse to build the LNG terminal even faster”.

Grcic said that the cancellation of South Stream, which was due to take Russian gas through Bulgaria and Serbia to Europe, would make the terminal on Krk more valuable.

“Because it is an alternative source of gas supply in this part of Europe,” he said.

Croatian economy minister Ivan Vrdoljak meanwhile said that the halting of the South Stream project would not affect Croatia’s energy strategy at all, because the country was not due to be a direct beneficiary of the pipeline.

Vrdoljak said that, as an alternative, Croatia had “started the project of exploration and exploitation of oil and gas [in the Adriatic Sea] and the construction of the LNG [liquid natural gas terminal] as routes that will obviously be the only option for gas supply for this part of Europe”.

Croatia has received five million euro for project documentation from the EU for the LNG terminal on Krk, which opens up the possibility for it to finance the project with EU money.

LNG Croatia, state company founded to run the terminal, has opened a tender for an adviser for business, financial and legal issues in the building preparation period.

The adviser will be responsible for doing all the project documentation and finding potential investors for the building and running of the terminal.

Talk about it!

blog comments powered by Disqus

Premium Selection

19 Jan 18

EU Green Leader Condemns Threat to Bulgarian National Park

The European Greens co-president Ska Keller tells BIRN of her grave concerns for the future of the UNESCO-protected Pirin National Park, after Bulgaria's government approved plans to expand the ski resort there.

19 Jan 18

Vucic Visiting Kosovo to Profit Politically, Experts Say

Saturday's planned visit to Kosovo by Serbian President Aleksandar Vucic – following the assassination of Kosovo Serb leader Oliver Ivanovic – is being seen as a point-scoring exercise.

18 Jan 18

Murder Puts Serbia-Kosovo Dialogue in Doubt

17 Jan 18

How Rich Are the Balkans’ Top Politicians?

Latest News from the Balkans

20 Jan 18

Romanians Resume Anti-Corruption Protests

19 Jan 18

Russia Slaps New Ban on Bosnian Apples

19 Jan 18

Duma Slates Moldova's Ban on Russian TV Shows

19 Jan 18

Djukic Trial for Tuzla Massacre Delayed Again