Tuesday, November 5, 2024

Croatia, Plinacro ink 533 mln euro gas infrastructure deal

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To enlarge the capacity of the LNG terminal on the island of Krk, the project plans to develop the gas transportation system for exporting natural gas to other countries, the economy ministry said in a press release. This includes building four pipelines totaling 216 kilometers.

The four pipelines are the 58-kilometre Zlobin-Bosiljevo, the 101-kilometre Bosiljevo-Sisak, the 21-kilometre Kozarac-Sisak, and the 36-kilometre Zabok-Lucko gas links. Their construction will increase Plinacro’s pipeline capacity servicing the LNG terminal from 2.9 billion cubic metres to 6.1 billion cubic metres per year, enabling more gas transport to Croatian users, Hungary, and Slovenia.

Increasing the capacity of the LNG terminal on the island of Krk is key to positioning Croatia as an international energy hub, Croatia’s economy minister Ante Susnjar said in the press release.

The floating LNG terminal on the island of Krk island started operating in January 2021. It delivers natural gas to the Croatian national transmission network, which is connected to fellow EU member states Slovenia, Italy and Hungary, as well as to non-EU members Serbia and Montenegro.

The construction of the Zlobin Bosiljevo pipeline has already started and procurement procedures will be launched for the other three pipelines, CEO of Plinacro Ivica Arar said, adding that the company expects the construction works to be finished mid-2026.

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