Croatia will expand its existing floating LNG terminal on the Krk Island, Prime Minister Andrej Plenković announced at the Three Seas Initiative in Riga on Monday. Croatia could play a more regional gas supply role.
“Croatia has completed one of its key projects, the LNG terminal in Krk. Today, I took the opportunity to announce further investments and raising the existing capacity of the LNG terminal on Krk from 2.9 to 6.1 billion cubic meters (bcm) of gas per year,” said the Prime Minister adding that in the current circumstances, Croatia has the opportunity to become a real energy hub for Central Europe.
The capacity of the expanded terminal will go beyond the needs of Croatia’s industry and households allowing Croatia to play a more regional role and many countries in the neighbourhood such as Slovenia, Hungary or Bosnia and Herzegovina to benefit from diversified supplies.
The floating LNG terminal on the Krk Island started commercial operations in January 2021 with a capacity of 2.6 billion cubic metres (bcm) per year as the first LNG import facility to serve the Balkan region directly. The capacity of the terminal has already been increased to 2.9 bcm this year, which already covers the domestic gas consumption of Croatia.
