Croatia Extends Bidding Deadline Again for Adriatic LNG Terminal
Croatia has again extended a deadline for submitting binding bids for the use of a planned floating liquefied natural gas (LNG) terminal in the northern Adriatic."The deadline has been moved from Sept. 28 to Dec. 20 this year," state-owned LNG Croatia said in a statement on its website on Thursday.The decision was taken after a request from potential bidders, it added.The first time the deadline was extended in early August…
Croatia Extends LNG Terminal Gas Bidding Deadline
A deadline for bids on output from a planned offshore liquefied natural gas (LNG) terminal to be built on Croatia's northern Adriatic island of Krk has been extended until Sept. 28, developers LNG Croatia said on Friday.Demand will dictate the capacity of the 250 million euro terminal, which is part of EU-led efforts to diversify away from Russian energy imports.The deadline on bidding for output was Aug. 3 but was delayed on requests from potential customers who are still in negotiations…
MOL buys Eni's Adriatic Offshore Gas Stakes
MOL Group’s Croatian INA agreed to buy Eni Croatia BV, a wholly-owned member of Eni Group, through which Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica.INA will become the 100% owner and the sole operator of the Northern Adriatic and Marica fields after all conditions are fulfilled, including receiving clearance from the antitrust authorities, which is expected…
Croatia Reopens Bidding for LNG Terminal Capacity
LNG Hrvatska launched a second round of bidding for potential operators of an offshore liquefied natural gas (LNG) terminal in Croatia's northern Adriatic on Friday, after the previous round drew little interest.Last week, Croatia's parliament passed a law to enable the construction of the terminal, part of a European Union drive to diversify away from Russian gas imports.The project, which will be built on the island of…
Croatia Acts to Cut Red Tape for FSRU Terminal Project
The Croatian government proposed a special law on Thursday to facilitate the construction of an EU-backed liquefied natural gas (LNG) terminal in the northern Adriatic.The floating terminal is expected to start operations in 2020.The European Union wants the facility to help diversify sources of supply and reduce dependence on Russian gas, most notably for countries in central Europe.Brussels will invest 101.4 million euros ($121 million)…
Croatia Seeks Fresh Bids to Supply Future LNG Terminal
Croatia on Tuesday issued a fresh tender to provide a ship-based import terminal for a planned liquefied natural gas (LNG) terminal on the island of Krk in the northern Adriatic, part of an EU drive to diversify away from Russian gas imports.LNG Croatia, the firm behind the project, said the previous tender has been cancelled because of the need to scale down the size of the project and its cost, but did not provide details.The…
Croatia to Speed up Building of LNG Terminal in Adriatic
Croatia will pass a special law to speed up the construction of a liquefied natural gas (LNG) terminal in the northern Adriatic, Prime Minister Andrej Plenkovic said on Thursday. Croatia produces more than half of its gas consumption, some 2.5 billion cubic metres (bcm) a year. Once the LNG terminal is built it hopes to be able to supply both its own market as well as central and eastern European countries. "Our aim (is) to pass a special law as a key message that it is a strategic project for us.
MET International Plans to Boost LNG Trades
Switzerland-based MET International AG plans to boost its liquefied natural gas (LNG) trades in Europe by 50 to 100 percent next year, the company's chief executive said on Tuesday. Gyorgy Vargha said that while the company had traded one cargo, or 60,000 tonnes of LNG, per month this year, this is expected to rise to between 1.5 and two cargoes per month in 2018 as MET seeks to increase its role in that segment. MET International was established in 2010 as the natural gas trading arm of parent MET Group…
Croatia FLNG Terminal Completion Delayed 12 Months
Croatia's floating liquefied natural gas terminal in the northern Adriatic will take a year longer to complete, Energy and Environment Minister Slaven Dobrovic told an energy conference on Wednesday. The capacity of the terminal, now expected to be finished in 2019, is seen at around two billion cubic metres of gas a year, with Croatia targeting central European markets as well as domestic. "Our current plan is to realise the project in 2019," Dobrovic said without elaborating further.
Croatia May Opt for Floating LNG Terminal
Croatia might initially choose to construct a floating instead of land-based liquefied natural gas (LNG) terminal in the northern Adriatic to make it operational more quickly, the government said on Wednesday. "The government will give the highest priority to this project. At the beginning the focus will be on a floating terminal as it is cheaper and can become operational in two years," the government said in a statement. The statement came after a meeting between Croatian Deputy Prime Minister Tomislav Karamarko and U.S.
Croatia Draws 7 Bids for Krk LNG Terminal
Croatia has received seven bids to build a liquefied natural gas (LNG) terminal on the island of Krk in the northern Adriatic, LNG Croatia said on Monday. EU member Croatia is looking to reduce its reliance on Russian gas imports. The proposed terminal would be able to receive, store and re-gasify LNG, opening Croatia up to imports from LNG suppliers such as Qatar. The project, with a nominal capacity of 6 billion cubic metres, is expected to require investment of around 600 million euros ($655.50 million).
Croatia's LNG Hrvatska Extends Bid Deadline for LNG Terminal
Croatian liquefied natural gas (LNG) terminal developer LNG Hrvatska has extended a deadline for investors to express interest in building a terminal in the northern Adriatic to Dec. 31 as part of the country's drive for energy independence. The company gave no reason for the deferral and did not say what level of interest it had received so far. The previous deadline was Dec 15. The terminal on the island of Krk is also…
Asian LNG Spot Climbs as Jordan, Pakistan Buy
Asian liquefied natural gas (LNG) spot prices for September delivery were higher on Friday supported by nearby demand from new importers including Jordan and Pakistan, traders said. The price of Asian spot cargoes rose to $8.10 per million British thermal units (mmBtu), from $7.80 the previous week. "(It's) just unexpected demand with very short lead times," said a trader. Jordan is expected to announce results of a tender for two cargoes for delivery in early September on July 29…
Croatia Seeks Investors to Develop Adriatic LNG Terminal
Croatia's power utility HEP and gas transmission system operator Plinacro on Tuesday invited investors to express interest in building a liquefied natural gas (LNG) terminal in the northern Adriatic, part of the country's drive for energy independence. The terminal on the island of Krk is also part of Europe's wider efforts to reduce its reliance on Russian energy supplies and has gained new importance following the cancellation of the South Stream project.
Croatia Eyes Adriatic Oil Potential
Croatia to sign oil, gas exploration licences in June/July. When Croatia announced in 2013 it would set a tender to explore for oil and gas in its pristine Adriatic waters, the government evoked the hydrocarbon riches of Norway to win over the plan's many detractors. "If it's not dangerous for Norway or Scotland, it shouldn't be dangerous for us," Prime Minister Zoran Milanovic said in April, defending an effort he hopes could help turn around Croatia's economic fortunes after six years of recession.
Croatia Resurrects LNG terminal Plans
Croatia prepares financial plan for LNG terminal; EU sees the Krk terminal helping Europe's energy independence. Croatia has reopened a feasibility study for a liquefied natural gas (LNG) terminal in the northern Adriatic which should help diversify energy supplies for central Europe, economy minister Ivan Vrdoljak said on Tuesday. The idea is to make the terminal on the island of Krk the southern end of a gas pipeline corridor…
Croatia publishes tender for on-shore oil/gas exploration
Croatia published an international tender for on-shore exploration for oil and gas in the Drava river basin and the east of the country, the Economy Ministry said on its website. The tender, published in the official journal of the European Union on Friday, will run until Feb. 18 next year, it said. Licences for six separate blocks, covering an area of some 15,000 square kilometres, will be granted for up to 30 years. Croatia is also running an international tender for off-shore exploration in the Adriatic…
Croatia Prepares Onshore O&G Tender for July
Croatia is set to open an international tender for on-shore exploration of gas and oil in the Drava river basin and the east of the country next month, Economy Minister Ivan Vrdoljak said on Tuesday. "I expect the first round of the forthcoming on-shore gas and oil exploration tenders in the second half of July," Vrdoljak told an energy conference in Zagreb. The government hopes that a drive to boost its energy independence will help economic recovery.
Croatia Aims for Power Plant Deal by Year End
Croatia's state power board Hrvatska Elektroprivreda (HEP) said on Wednesday it had received qualified bids for the construction of a 500-megawatt thermal power plant on the northern Adriatic, but declined to offer details until the bids were assessed. "We are satisfied with this second round of a tender which showed there was confidence among investors into the future of this project... After at least one month it will be possible to reveal which bidders are chosen for further talks," HEP said in a statement.
