Bar LNG terminal will bring affordable and reliable supply to Balkan nations, LNG Alliance says
The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said.
Currently, there is no operating LNG terminal along the entire Adriatic coastline, almost 1,000 kilometres extending from the Greece-Albania border to the Krk Terminal in Croatia.
The Bar LNG terminal will primarily serve Montenegro and major parts of Bosnia and Herzegovina, Kosovo, Serbia, Albania, and the southern region of Hungary.
The terminal will bring regasified LNG through gas pipelines to Montenegro and can support the entire Balkans through virtual pipelines, i.e., the distribution of LNG through ISO LNG Containers loaded onto trucks and trains to consumers, such as industrial clusters, LNG/CNG fuel stations, and municipalities, who are in remote locations far from the pipelines, the project developer explained.
“With natural water depth that needs no dredging and excellent metocean conditions, a wide range of LNG ships will be able to deliver the most competitively priced LNG to the Bar LNG Terminal, resulting in an affordable and reliable LNG supply for all consumers in the Balkans.”
Moreover, the terminal is envisaged to play a vital role in assisting the revival of closed-down industries, fuelling the economies, and establishing gas as a prominent transition fuel in the energy mix of the region.
In May 2022, LNG Alliance completed the pre-feasibility studies for the terminal and signed a new memorandum of understanding (MoU) with the Port of Bar for further advanced studies for the FSU-based 0.4 MTPA import terminal, which can be modularly expanded to 1.2 MTPA with demand.
The project FID for the Bar LNG Terminal is expected in Q3 2023.
Additionally, the terminal is designed to be “future proof” and includes features for the usage of the same tanks and piping to handle green ammonia imports in the future.
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