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Croatia Mulling Increase in Capacity of Krk LNG Terminal

By 26 March 2022
Croatia Mulling Increase in Capacity of Krk LNG Terminal
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ZAGREB, 26 March 2022 - Croatia is considering the possibility of increasing the capacity of its LNG terminal on the island of Krk from the current 2.6 billion cubic metres of gas to 2.9 billion cubic metres annually, Prime Minister Andrej Plenković said in Brussels on Friday.

He explained that the current infrastructure allows for this increase.

"We believe that we can achieve this increase with the current infrastructure of our LNG ship and all the existing plants there," Plenković said after the end of the two-day summit meeting of the European Union, which discussed Russia's military aggression against Ukraine, energy and energy price hikes.

Plenković reiterated the strategic importance of the Krk LNG terminal for the diversification of gas supply routes, particularly in the current crisis.

Considering the EU-US partnership expressed in the Joint Statement on the Liquefied Natural Gas (LNG) imports from the US, which expect to rise, Plenković said that investments in LNG terminals and the accompanying infrastructure would definitely grow, adding that it remains to be seen how many ships are available.

Ukrainian refugees

Plenković told the press that Croatia had already taken in 10,000 refugees from Ukraine, who fled the Russian invasion of their country.

It is certain that more and more refugees will arrive and that they will stay longer, he said.

Croatia can cover the costs of accommodation of Ukrainian refugees on its own until a joint model for financing is not found at the EU level, the premier said.

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