LNG Croatia, the company developing the Croatian liquefied natural gas (LNG) import terminal on the island of Krk, said the geological survey started at the site.
In a statement emailed to LNG World News, the company said it has contracted Geokon to perform the geological survey from August 16 to September 25.
All exploration activities have been approved by the Croatian Ministry of sea, transport and infrastructure.
Further to the statement, LNG Croatia’s leading expert Andreja Lopac was quoted by the local media as saying the government’s decision to develop a floating LNG terminal prompted the company to carry out more research. Initially, the company planned to develop a land-based terminal.
Due to the switch to a floating LNG terminal, the jetty will have to be stronger and longer to accommodate the floating storage and regasification unit (FSRU) that will be moored at the jetty.
Geokon will drill the core samples of the seabed and carry out the survey of the location where the terminal’s jetty will be located.
In February this year, the European Union granted awarded 102 million euros ($119.7 million) under its Connecting Europe facility (CEF), to be used for the studies for the FSRU solution at the terminal as well as the construction of the facility. The total costs of the LNG project are estimated to be around 363 million euros.
At the beginning of the Krk LNG terminal operations, its capacity will be limited by the capacity of the transmission system which should amount to 300,000 Nm3/hour or 2.6 bcm of natural gas per annum.
According to the project development schedule, FSRU to serve the project will be procured by the end of the current year with an expected delivery by the end of 2019.
Commercial operations at the terminal are planned to start at the beginning of 2020.
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LNG World News Staff