LNG Croatia Announces Search for Partners

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LNG Croatia is looking for partners, i.e. construction companies to build a dock and gas pipeline, and to procure FSRU ship.


LNG Croatia has announced public tenders in order to find partners for the construction of the gas pipeline and the procurement of “floating storage regasification unit”, the so-called FSRU ship, reports Poslovni dnevnik on September 11, 2017.

Participation requests will be collected by September 29, followed by the second round of submission of binding offers. According to the information coming from this state-owned company in charge of the project, the plan is to choose partners and conclude contracts with selected companies by the end of this year. Both purchases are part of the greater number of parallel activities to meet the deadline for the completion of the terminal by the end of 2019, which was set by the EU as a condition for co-financing.

LNG experts have had the previous land terminal project redesigned into a floating terminal, and further explorations of submarine soil have recently been launched in order to properly design the dock. An environmental impact assessment procedure is also underway, which should soon be open to public debate, and which should be presented to the Government in January in order for it to reach the decision on environmental acceptability. The application for the site permit and construction permit should be submitted in February.

As for the construction of the FSRU, it is unlikely that this job will be obtained by Croatian shipyards. This information was given in an interview for the Energetika-net portal with the director of LNG Croatia Croatia, Goran Frančić, who pointed out that his team has visited shipyards that have produced 20 of these ships currently used in the world, namely three in South Korea and one in Singapore. Several Croatian shipyards have expressed interest in building FSRU, however, due to short deadlines, they had to pass on such a demanding development project of designing and constructing the FSRU. The possibility of taking a ship for lease was also discarded, and a model of buying a ship and arranging management and maintenance of the ship was found which has not been used for the existing FSRU vessels.

By the end of the first quarter of next year, Frančić hopes to undertake the mandatory lease of the terminal’s capacity and contract funding for the entire project, and that, despite short deadlines, gas delivery from the Krk terminal will start in 2020, as anticipated.


Translated from Poslovni.hr


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