LNG Croatia extends terminal capacity bidding deadline again

LNG Croatia, the state-owned company that is developing the country’s first liquefied natural gas facility on the island of Krk, has once again pushed back the second round of bidding for the capacity at the terminal.

The company said the deadline has been prolonged from September 28, 2018, to December 20, 2018.

Since LNG Croatia has received additional requests from interested terminal users to extend the submission deadline, LNG Croatia in cooperation with Plinacro and FGSZ aligned a new time schedule for the Open Season procedure, the company’s statement reads.

LNG Croatia recently revised its the technical characteristics and capacities of the initially requested FSRU to reduce the initially planned capital costs of the project.

The project will still be developed in two phases, with the first phase including a development of the FSRU while the second phase entails the construction of a land-based LNG import facility, according to LNG Croatia.

The European Union has put the LNG terminal on its list of projects of common interest and will invest 101.4 million euros ($120.2m) in the development.