Main projects of Plinacro, Croat gas pipeline operator

15/06/2010 10:00 Natural Gas

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Plinacro, Croatia's state-owned gas pipeline operator has decided to invest more into infrastructure and is in discussions to participate in various European energy projects, according to its chief executive on Monday.

Currently, Plinacro is in a five-year investment phase estimated at 390 million euros ($475.4 million), 50% of funds being secured from its own resources and 50% through loans by the European Investment Bank. According to the chief executive, both projects should be finished by the end of next year or in the first semester of 2012. Now, Croatia consumes about 3.2 billion cubic meters of gas per year and approximately 60% comes from local gas fields. The rest is imported from Russia through a connection to a gas pipeline in Slovenia. Therefore, Plinacro has focuses on extending its network towards southern Croatia, by joining the Transadriatic Pipeline (TAP) which should transport gas from the Caspian basin and the Middle East through Greece and Italy to Western Europe.

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