Second round of LNG terminal binding lease tender postponed – Croatia, 24 April 2018

LNG Hrvatska, a company in charge of the implementation of the project for the construction of liquefied natural gas (LNG) terminal on Krk island, announced that it has postponed the second round of binding offers for leasing the capacity of the future terminal to 22 June.
The intention of the company is to allow potential participants additional time for the preparation of bids, and this decision was made in coordination with Croatian and Hungarian natural gas transmission system operators – Plinacro and FGSZ. The first round has been concluded on 8 April and the second was supposed to be launched in this week in order to complete the whole procedure by the end of May. According to the agreement with the European Union, which co-finances the project, floating LNG terminal has to be completed by the end of 2019 and with this delay the timetable is even tighter.

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