Prirodni Plin News

INA Warns of Losses Over Forced Gas Sale

Croatian oil and gas company INA said its gas trading arm could lose up to 350 million kuna ($63.7 million) due to a forced sale of its reserves in the Croatian gas storage facility. In February, the government named state-owned power board HEP to replace INA's gas trading company, Prirodni Plin, as the gas supplier to local firms and municipalities, which then sell gas to households. This obliges INA to free its storage capacity for HEP. "Prirodni Plin has a bit over 200 million cubic metres of gas in the Okoli storage facility left…