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LNG terminal LNG terminal

European Union funds to help with construction of LNG terminal

By  Feb 20, 2017

A few days ago the Croatian government reported that it had received a 102 million Euros subsidy from the European Union for the construction of the LNG terminal on the island of Krk in northern Adriatic.

On this occasion, the Croatian Minister of Environment and Energy Slaven Dobrovic said that this was one of the most important energy projects not only at the national level, but also at the regional and European level, as it was proven with the EU decision on co-financing.

Dobrovic also added, ''This project will definitely give a significant impetus to the Croatian economy and industry, which will have the opportunity to develop new services, new skills and new technologies in the field of LNG''.

The funds approved on the 17th of February by the Connecting Europe Facility (CEF) coordination committee will cover 50 percent of the pre-construction study and almost 28 percent of the works.

The LNG terminal project worth 363 million Euros is intended for the construction a floating terminal off the island of Krk. Currently, the Croatian government is in the final phase of selecting a strategic investor, whilst the construction works are to begin in 2019.

The Voice of Dubrovnik


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