Croatia Extends Bidding Deadline Again for Adriatic LNG Terminal

Posted by Michelle Howard
Thursday, September 27, 2018

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 was for the same reason.

The terminal on the northern Adriatic island of Krk is planned as part of the European Union's efforts to diversify from Russian energy imports. The targeted markets are countries in central and southeastern Europe.

The value of the terminal is seen at 250 million euros ($291.63 million) with the European Union financing just over 120 million euros.

The capacity of the terminal, which has a tentative date for operation from early 2020, will eventually depend on demand.

Local media reported earlier this year that initial demand for the terminal had been rather low, causing a delay in the final investment decision originally planned for last June. LNG Croatia refused to comment on the bidding procedure.

Reporting by Igor Ilic

Categories: Government Update LNG

Related Stories

Bureau Veritas Expands Offshore Services with New Asia Hub

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Iran Assures Safe Hormuz Transit for Philippine Vessels

Iran War Reshapes Global LNG Trade

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Thai Tanker Transits Hormuz after Iran Talks

Iran to UN: 'Non-Hostile' Ships Can Transit Strait of Hormuz

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Governments Move to Shield Economies as Oil Jumps 25%

Current News

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Oil Flows to Lag Even if Hormuz Strait Reopens

Eni Makes Major Gas Discovery Offshore Indonesia

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com