Qatari Firm Books Big at Croatian LNG Terminal
All available capacity at Croatia's planned LNG import facility at Krk Island has been booked in the 2021-22 2022-23 gas years, after Qatar-based Power Globe subscribed for 15 years of capacity.
The project's developer Croatia LNG reported on June 15 that Power Globe had reserved capacity from January 1 2021, when the terminal is due to start up, up until the end of the 2034-35 gas year. Earlier this month Hungary's MFGK booked seven years of capacity while trading group MET reserved three years of capacity.
Power Global has booked 0.468bn m3 of regasification capacity between January 1 and September 30 2021, or 1.7mn m3/d. It has reserved a further 0.468bn m3/yr for the 2021-22 through to 2024-25 gas years, or 1.28mn m3/d. Its subscription will then rise to 0.624bn m3/yr for the 2025-26 to 2029-30 gas years, and then 0.936bn m3/yr between the 2030-31 to 2034-35 gas years.
The total booked capacity at Krk is now 1.88bn m3 between January 1 and September 30 2021, rising to 2.54bn m3/yr in both the 2021-2022 and 2022-2023 gas years – approximately equal to the terminal's total import capacity. The reserved capacity then falls to just above 2bn m3 in the 2023-24 and 2024-25 years, and then 2.16bn m3 in the 2025-26 and 2026-27 years. In the 2027-28 through to 2029-30 gas years its booked capacity is only 1.14bn m3.