Croatia’s new Liquefied Natural Gas (LNG) terminal on the Adriatic island of Krk received its first delivery of 145,000 cubic meters (cu/m) of LNG on April 26th, according to a press release issued by Croatian gas supplier MET Croatia Energy Trade, d.o.o.
The KRK LNG terminal became operational on January 1st, 2021, and is projected to have the capacity to transfer 2.6 billion cubic meters (cu m) annually. The KRK terminal is connected to the Croatian national energy grid, which itself is interconnected to a network of pipelines which serve Slovenia, Italy, Hungary, Serbia and Montenegro.
MET Croatia Energy has offered to book 1.3 billion cu/m of LNG over the next three years.
Estimates suggest the Krk LNG terminal requires turnover of 1.5 billion cu/m annually to break even. Croatian officials have announced that the terminal’s capacities have been sold out through October 2023.