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Croatia opens tender for LNG project on Krk island

Xinhua, July 22, 2015 Adjust font size:

Croatian state company LNG on Tuesday announced a tender for investors for the project of a liquefied natural gas terminal on its northern coast island of Krk.

Tender for submitting the bids will be opened on Dec. 15, while potential bidders will have a virtual data room with more details on the project on their disposal from Sept. 1.

Construction of the project will start in mid-2016 and last for three years. It was estimated the LNG project worth around 600 million euros (657.2 million U.S. dollars).

Last week, Croatian Government announced the construction of the terminal as a national strategic investment project so it gains top priority.

The terminal will have the capacity of 6 billion cubic metres of gas per year. Croatia uses around 2.7 billion cubic metres of gas annually, according to date from the government. Thus the rest of the gas will export to the European Union and countries in the region. (1 euro = 1.09 U.S. dollars) Enditem