Adria LNG is a proposed liquefied natural gas (LNG) regasification terminal in Omisalj on the island of Krk, Croatia.
Contents |
The project was first considered in 1995 when initial exploratory work was undertaken. A feasibility study was completed by 2008 and the location permit is expected to be gotten by early 2010 after environmental impact assessment is carried out.[1] The construction is expected to start in 2010 and the terminal is expected to be operational by 2014.[2]
The terminal will provide an important source of natural gas for the Croatian market, which relies of natural gas for 26% of its energy needs. The terminal will also be an important distribution point for natural gas to the surrounding market including Italy, Austria, Hungary, Romania and Slovenia, as Croatia's demand only stands at 3.2 billion cubic metres (110 billion cubic feet) per year which is significantly below the expected capacity of the terminal. For this purpose, a new natural gas pipeline between Croatia and Hungary will be built.
The terminal will have an initial capacity of 10 billion cubic metres (350 billion cubic feet) per year, which could be increased to 15 billion cubic metres (530 billion cubic feet) per year. The investment is estimated at €800 million.[2]
The project is developed by Adria LNG. The shareholders of the company are:
The consortium has slated a 25% stake for Croatian partners, expected to include oil company INA, power company HEP and gas pipeline operator Plinacro.[1][2] The head of Adria LNG company is Michael Mertl.[2]