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Home Oil & Gas Hungarian FM confirms talks to purchase LNG via Krk terminal

Hungarian FM confirms talks to purchase LNG via Krk terminal

Hungary remains interested in energy cooperation with Croatia, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó (pictured above) confirmed on Tuesday after a telephone conversation with Croatian Energy Minister Tomislav Ćorić.

Mr Ćorić assured the Hungarian Foreign Minister that despite the current difficult conditions, the LNG terminal in Krk, that will be a new access point for liquefied natural gas (LNG) supplies for the CEE region, could start operating next January.

“We remain interested in energy cooperation with Croatia as more diversified gas supplies translate into increased security,” Minister Szijjártó emphasised. “Therefore, we are currently negotiating with several players in the world market for the possible purchase of LNG through Croatia.”

Earlier this year, Hungary reiterated its interest to purchase a minority stake in the Croatian LNG terminal and to start negotiations regarding gas deliveries to Krk.

Yesterday, MET Croatia Energy Trade announced that it submitted a binding offer to LNG Croatia to book capacities in the LNG terminal for a three-year period, amounting to 1.3 billion cubic metres overall.

“The LNG terminal on the Island of Krk is a strategic project in terms of security of supply and diversification, not only for the Republic of Croatia but for EU as well,” Hrvoje Krhen, the newly appointed Managing Director of LNG Croatia underlined in a recent interview with CEENERGYNEWS.

Mr Krehn also confirmed that the commercial operation of the LNG terminal could start at the beginning of next year if everything goes on schedule.

Photo: Péter Szijjártó official Facwbook page.

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