LNG

Croatia LNG receives only 520 MMcm/y in capacity bookings

The second round of the open season for contracting capacity at the Krk FSRU ended on Thursday with 520 MMcm/y of binding capacity bookings made.
By Staff reporter 21 December 2018 0 33793

The second round of the open season for contracting regasification capacity at the Krk FSRU ended on Thursday with 520 million cubic metres per year of binding capacity bookings made, according to developer Croatia LNG.

An industry source told Interfax Natural Gas Daily earlier this month that the FSRU needs around 1.7 billion cubic metres per year of binding capacity bookings to secure financing.

The company will now perform an economic test to estimate the profitability of the project.