EU-US council urges development of Croatian LNG terminal
European Union-United States Energy Council met for the sixth time in Brussels to discuss energy security.
In regards to the Ukrainian crisis and Europe’s efforts to diversify supply of gas EU-US council issued a joint statement regarding several projects that are opening the door to Europe’s increased energy security.
The council welcomed recent infrastructure developments including the inauguration of the Klaipeda LNG terminal in Lithuania, the groundbreaking ceremony of the Southern Gas Corridor last September, and the inauguration of the reverse flow interconnection between Ukraine and Slovakia.
Estonian and Finnish agreement regarding the Baltic connector pipeline and the regional LNG terminal were also highlighted by the council that also encouraged the completion of an LNG terminal in Krk Island, Croatia.
The Croatian LNG plan has gotten European backing recently with a € 5 million funding of the necessary documentation and feasibility study.
Developing the LNG terminal would provide security to the Balkans region that has faced headwinds with the recent cancelation of the South Stream project by Russia, as it did not receive necessary permits from Bulgaria.
LNG World News Staff