EU Approves 102 Million Euros for LNG Terminal in Croatia

By , 17 Feb 2017, 14:01 PM Business
EU Approves 102 Million Euros for LNG Terminal in Croatia Source: Creative Commons

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The LNG terminal project on the island of Krk would be financed from the Connecting Europe Facility (CEF).

“Today, we received great news from the European Commission. For the purposes of construction of an LNG terminal on the island of Krk, the European Union has granted us 102 million euros in EU funds. This is one of the most important energy projects not only at the national, but also at regional and European levels, which has been further proven by today's decision on co-financing. This project will definitely give impetus to the development of Croatian economy and Croatian industry, which will have the opportunity to develop new services, new knowledge and new technologies in the field of LNG”, said Croatia’s Minister of Environmental Protection and Energy Slaven Dobrović, reports Večernji List on February 17, 2017.

“Also, the security of gas supply will not be in doubt after this project is implemented. We sincerely believe that the new supply route will result in a reduction of the price of gas for end users in Croatia”, added Dobrović on Friday, commenting on the decision of the European Union to finance the project of LNG terminal on the island of Krk.

The LNG terminal project would be financed from the Connecting Europe Facility (CEF), and the decision about it was made at today's meeting of the CEF Coordination Committee. CEF is dedicated to investing in infrastructure priorities of the European Union in the fields of transport, energy and digital technology.

The LNG terminal project on Krk is one of major infrastructure projects in Croatia which has been planned for a long time. The plans have been changed repeatedly, so it is still not sure what kind of terminal would be built. Although initially a large land terminal was planned, in recent months there was more talk about a floating terminal, which would be much cheaper to build and operate.

Given all the ambiguities about the capabilities of the terminal, it is still not known how much it would cost to be build, since that dependents on numerous variables. However, it is certain that the grant approved by the European Commission would cover just a part of the costs and that the rest would be financed by the state budget or private investors. Given the uncertainties in gas market in Europe, it is not clear whether the terminal would be economically profitable.

In addition, the Committee approved 40.5 million euros to co-finance the project of improving the electric power transmission system Sincro.Grid, which is being realized in cooperation between Croatian and Slovenian electricity transmission system operators – HOPS, HEP ODS and ELES.

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  • The roads are wet and slippery in Lika mountain area and in Dalmatia. Rock and land sliding is possible on the DC1 state road through Lika as well as on the DC8 Adriatic road. Traffic is dense in cities and on their detour roads. During the day difficulties can be expected in roadwork areas. Tonight (27 February) 7pm-6am traffic is suspended on the A6 Rijeka-Zagreb motorway between Delnice and Oštrovica junctions in direction Rijeka, detour: DC3/DC501 state roads. In Učka tunnel in Istria one lane is free only every night 10pm-6am till 3/4 March. Drivers are invited to keep distance and to adjust the speed to road conditions. The headlights have to be on during the day as well. One lane is free only/traffic is flowing in reduced lanes on the following motorways:-A1 Zagreb-Split-Ploče at Božići viaduct in direction Split, between Novigrad and Karlovac junctions 42nd-40th km in direction Zagreb, at Rašćane viaduct in direction Dubrovnik; -A3 Bregana-Lipovac between Kutina and Novska junctions 118th-121st km in both directions; -A4 Zagreb-Goričan at Kraljevečki Novaki junction 93rd-94th km in both directions till 13 March; -A4 Zagreb-Goričan in Hrastovec tunnel in both directions 1-11 March; -A6 Rijeka-Zagreb at Svilno viaduct 78th-80th km between Orehovica and Čavle junctions in each direction till 1 June, in Vršek tunnel in direction Zagreb; -Rijeka detour road in the exit lane of Rujevica junction in direction Rupa till 16 March; -A8 in Istria on the section Lupoglav-Učka tunnel. Due to winter driving conditions there is a traffic ban on freight vehicles with trailers and all other vehicles have to use the winter equipment in Lika mountain area on the DC42 at Poljanak. Due to roadworks traffic is suspended: -on the DC1 state road in Lučko and Stupnik (Zagreb); -on the DC8 Adriatic road at Posedarje till 10 April; -on the DC6 state road, section Glina-Dvor border crossing till 15 March, detour: Glina (DC37)-Petrinja-Hrvatska Kostajnica-Dvor; -on the DC34 Valpovo-Josipovac state road; -on the DC206 Valentinovo-Petrovsko state road; -on the DC228 Jurovski Brod-Ozalj-Karlovac state road at Ozalj. Traffic is regulated by traffic signals/one road lane is free only:-on the DC1 state road at Tušilović; -on the DC1 Sinj-Klis Grlo state road at Dicmo; -on the DC8 Adriatic road on the section Kaštel Stari-Kaštel Gomilica, at Podstrana, on the section Zaton Doli-Bistrina, at Srebreno; -on the DC66 Pula-Most Raša state road; -on the DC75 Poreč detour road, section Vrvari-Bijela; -on the DC303 Rovinjsko Selo-Brajkovići-Kurili state road. 15 November 2016-15 April 2017 winter equipment is mandatory on the winter sections of the state roads in Croatia (it includes four winter tyres or four summer tyres with chains ready for use).
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