March the 19th, 2025 – A major capacity expansion for LNG Croatia is looming. The planned expansion also includes the installation of an additional regasification module.
As Poslovni Dnevnik writes, LNG Croatia, the operator of the liquefied natural gas (LNG) terminal on the island of Krk, is undergoing a major capacity expansion. The company expects to hold an auction for new capacities as soon as this May, as revealed by Ivan Fugaš, CEO of LNG Croatia, in an interview with the Seenews portal.
The main tenants of the Croatian terminal are PPD, MVM CEEnergy Croatia (a subsidiary of the Hungarian MVM group), MET, HEP, INA and Slovenia’s Geoplin. The Hungarian MVM group leased a large part of the capacity to ensure the supply of its markets after the reduction of Russian gas deliveries.
The current capacity of the terminal stands at 2.9 billion cubic meters (bcm) per year, which corresponds to the total annual gas consumption in Croatia. By the end of this year, the capacities there are planned to be increased to 6.1 bcm.
The expansion plans for LNG Croatia include the installation of an additional regasification module on an existing FSRU vessel, without the need to purchase another new vessel.
The expansion project is worth 25 million euros and is partly financed by EU funds, with Plinacro investing 533 million euros from the REPowerEU instrument in the construction of new gas pipelines between Zlobin and Bosiljevo. That will enable the transport of increased quantities of gas to neighbouring Slovenia and Hungary.
Despite the higher price, the main advantage of the LNG is the enormous level of flexibility of its delivery to distant markets, unlike natural gas, which depends on supply routes that are greatly influenced by geopolitics.
