Hungary Offers to Buy 25% of LNG Terminal on Krk

15/04/2019 08:59 LNG

news

The Hungarian government has made an offer to buy 25 percent of a LNG terminal that is to be built in Croatia, Hungarian Foreign Minister Peter Szijjarto told journalists in Dubrovnik on Friday, according to MTI news agency.

The Hungarian foreign minister said that Croatia had "not yet provided a clear answer" on the matter, as the country wants to take a decision on Hungary's offer at the same time as it contracts gas volume. Investing in the terminal is "a strategic issue" but "we will certainly not buy gas at a higher price than at present," he said, adding that the negotiations would continue.

 

The value of the floating LNG terminal on Krk island is estimated at 234 million euro. The European Commission has approved a 101.4 million euro grant for the project, which is included on the Commission's list of projects of common interest.

 

The Croatian government has decided to set aside 100 million euro for the project, 50 million in 2019 and as much in 2020. The remaining 32.6 million euro will be provided by the founders of the LNG Croatia company - the HEP national electricity provider and the Plinacro gas network operator.

Source: total-croatia-news.com

Daily (20.02.2020): Oil prices soared by more than 2% due to U.S. sanctions on Rosneft, tensions in Libya, coronavirus cases receding

20/02/2020 10:31:00

Oil prices soared by more than 2% on Wednesday, supported by a slowdown in the spread of the coronavirus, U.S. sanctions against the Russian black gold giant Rosneft and the unrest in Libya. Brent crude for April delivery rose by $1.37, or 2.4% to settle at $59.12 a barrel. U.S. WTI crude ended at $53.29, gaining $1.24, or 2.4%.

<READ MORE

Over 1 GW of solar, wind bids in latest German tender

20/02/2020 09:24:00

Germany received bids for 527 MW of onshore wind projects and 493 MW of solar photovoltaic (PV) proposals in its latest technology-specific procurement rounds.

READ MORE

TurkStream delivers over 500 mcm of gas to Europe via Turkey

20/02/2020 09:20:00

Russia transferred over 500 million cubic meters (mcm) of natural gas to Europe from Turkey via the TurkStream natural gas pipeline during its first month of operations in January 2020, industry sources said Wednesday.

READ MORE