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 HEC 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...
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