State-owned LNG Croatia, which was the developer of the country’s first import terminal, said that all of the capacities at the planned Krk facility have been booked for the next three years.

The terminal operator has revealed two capacity booking deals with Hungary’s state-owned MFGK, taking up capacity across seven gas years and trading firm MET booking capacity for three years. The latest capacity deal (announced this week) is the longest and includes a period of 15 years.

LNG Croatia said that with this deal “all free terminal capacity has been booked for the next three gas years and there is no more available capacity”.

The total booked capacity now stands at 1,878 bcm in the gas year ending September 2021, 2,541 bcm in 2022, and 2,540 bcm in 2023.

Looking at the rest of the gas years until 2030, the booked capacity ranges from 2,003 bcm to 1,143 bcm.

PowerGlobe Qatar, an energy arm of privately-held Optimized Holding (Al Faisal), is the customer behind the latest booking.

According to PowerGlobe’s website, the company previously delivered LNG cargoes across Mediterranean and Adriatic region and its partners include Qatari and US suppliers.

The booked capacity varies from 0,468 bcm to 0,936 bcm per year.

The LNG terminal on Krk, (a Croatian island in the northern Adriatic Sea) will have capacity to send up to 2.6 billion cubic meters per year of natural gas into the grid.

LNG Croatia still expects to launch the long-awaited import facility on January 1, 2021 as terminal works progress on the Krk site.

The Krk LNG project includes a floating storage and regasification unit connected to a jetty and additional facilities, and the connecting high-pressure gas pipeline.

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17th June 2020