Island of Krk LNG Terminal

Overview:

• Island of Krk LNG Terminal.
• A new LNG receiving terminal is being constructed in Omišalj county on the Island of Krk.
• The terminal will have a capacity of 6 billion cubic metres per year and will include two LNG storage tanks with a total storage capacity of up to 360,000 cubic metres.
• The project is being developed by LNG Croatia.
• The project has been categorised as a Project of Common Interest (PCI) by the European Commission.
• Being a PCI allows the project easier access to EU funds.
• The project is seen as a key part of the EU's Energy Union and is part of a drive towards moving the continent away from a reliance on Russian gas.
• The European Investment Bank (EIB) is providing €339 million in finding for the project.

Sam Duke - Editor