State-owned LNG Croatia haschosen Golar Power Ltd. as the best bidder to deliver a floating storage and regasification unit (FSRU) for a planned liquefied natural gas (LNG) terminal in the northern Adriatic. Simultaneously, project is within the second open season procedure which lasts until 20th December 2018. According to investors timeline, LNG terminal is planned to be fully operational by 1st January 2021.
Golar Power Limited offered a new conversion of the existing LNG carrier to an FSRU which value is EUR 159,6 million. The selected FSRU vessel has LNG storage capacity of 140,000 cubic metres, with a nominal LNG regasification capacity of 300,000 cubic metres of natural gas per hour, giving an annual capacity of 2.6 billion cubic metres of gas. The total cost of the terminal is seen at 250 million euros, with the EU financing from Connecting Europe Facility, just over 120 million.
LNG terminal on Krk Island may play and important role for the diversification of gas supply in South Eastern Europe providing landlocked countries with alternative sources. It is possible thanks to steadily developed North South Gas Corridor, which assumes construction of infrastructure interconnections between Central European countries.