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

US wind additions to peak at 14.6 GW in 2020 - Wood Mackenzie

13/09/2019 11:22:00

The US wind industry will witness the addition of a record 14.6 GW of capacity in 2020 as developers are rushing to complete their projects ahead of the planned phase-out of the federal production tax credit (PTC), Wood Mackenzie says.

<READ MORE

SSE to sell energy services unit to OVO Energy in 500 million pound deal

13/09/2019 11:16:00

SSE Plc (SSE.L), one of Britain’s big six energy suppliers, said it had agreed to sell its energy services unit to OVO Group for 500 million pounds ($617.6 million), including debt, as it looks to focus on renewable energy and electricity networks.

READ MORE

Floating wind-to-hydrogen plan to heat millions of UK homes

13/09/2019 11:09:00

Project aiming to deploy 4GW, £12bn 'green hydrogen' array in the North Sea is backed by UK government

READ MORE