Croatia LNG eyes European expansion
Croatia's sole LNG terminal will begin sending LNG to gas-powered ships and vehicles across Italy and eastern Europe, under a joint collaboration agreement (JCA) struck by its operator Prvo Plinarsko Drustvo and Avenir LNG, the latter company announced August 23.
Starting in October 2022, the 2.9bn m3/yr LNG Croatia's floating LNG unit will dispatch fuel via Avenir's small-scale LNG transport fleet, targeting overseas power plants, vessel bunkering and truck refuelling stations.
The JCA also envisages long-term feasibility work to explore building a new LNG breakbulk terminal on the Adriatic, helping permanently serve eastern European LNG supply chains.
Croatia became the world's 40th importer of LNG last year, and has since announced plans to double Krk's regas capacity to 6.1bn m3, seeking improved energy security and greater exports to Croatia's neighbours.
PPD previously hired Avenir in May 2021 to "reload" small LNG quantities from Krk's FSRU.
Peter Mackey, CEO of Avenir LNG, said: "The combination of Avenir’s small-scale LNG expertise and PPD’s local energy knowledge will allow us to reach strategic growth markets around the Adriatic sea by small-scale LNG supply chains and further enable the switching to cleaner, greener and more sustainable forms of energy.”
Ivana Ivancic, management board member of PPD, added: "We can state with pleasure that Croatia enabled infrastructure preconditions for the future development of the small-scale LNG market in the entire region. The synergy of Avenir and PPD will contribute to the Eastern Europe and Adriatic market development bringing a sustainable alternative for businesses and people in the region.”