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Krk FSRU navigates choppy Hungarian waters

The Croatia LNG project needs around 1.7 bcm/y of capacity bookings to secure loans, but the only interested party may instead look to get a better deal from Moscow The Croatia LNG project needs around 1.7 bcm/y of capacity bookings to secure loans, but the only interested party may instead look to get a better deal from Moscow.
By Silvia Favasuli 7 December 2018 Europe & Russia / LNG 0 33593
The Croatian island of Krk. (Ali Eminov/Flickr)

The outlook for the Krk LNG terminal in Croatia looks uncertain given its heavy reliance on Hungary, which has yet to fully commit.

According to a source close to the project, Croatia LNG – the joint venture of Plinacro and HEP that is developing the Krk terminal – needs a third party to book 1.5-1.7 billion cubic metres per year of its 2.6 bcm/y capacity to be able to secure financing.

Hungary’s MVM Group is the only company currently interested in booking capacity at Krk. No other...