French oil and gas giant Total said yesterday it was studying the construction of a 10-billion-cubic-meter capacity liquefied natural gas (LNG) terminal in Croatia.
Total has created Adria LNG, a joint venture with E.ON Ruhrgas (31.14 percent), OMV (25.58 percent) and RWE (16.69 percent) to conduct the feasibility study.
Total will hold a 25.58 percent stake in the company. “The new terminal will have an initial capacity of some 10 billion cubic meters per annum which could be increased to 15 bcm per annum,” Total said in a press release.
(Reuters)