Insight
EU-backed Croatia LNG import project struggles to progress
Report summary
The first binding round for capacity at the Krk LNG terminal has failed to attract sufficient interest. Held 19 March-8 April, a state-backed utility company was the only party to make a bid for 100 Mcm/yr. The poor bidding round result has led project company LNG Croatia to delay the second bidding round, reducing confidence in a project that has pushed back FID a number of times. Despite strong backing from the EU, commercial feasibility and restrictions from the funding agreement have reduced the probability that the floating import project will succeed in its current form. The results of the next bidding round in June will determine whether the project will make FID in the planned time-scale or may even result in the scrapping of the project
Table of contents
- Executive Summary
- Why did the first round of bidding fail?
- What was the motivation behind this project?
- What are the next steps?
- Conclusion
Tables and charts
This report includes 6 images and tables including:
- Gas infrastructure and gas supply by origin (2017)
- Key events
- Contracted volumes vs total demand in Croatia
- Contracted volumes vs total demand in neighbouring markets
- Krk LNG terminal options
- EIB funding for EU LNG projects
What's included
This report contains:
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