Croatia's
LNG Hrvatska has invited bids for the preparation of the design and permitting
documentation for the construction of a liquefied natural gas (LNG) terminal on
the Adriatic island of Krk, a public notice showed.
The winning bidder
will help LNG Hrvatska with front-end engineering design (FEED) preparation and
main design preparation for the Krk LNG Terminal and with obtaining of a
construction permit and power supply system documentation, an invitation
published on the website of LNG Hrvatska indicated.
The deadline for
filing bids is May 13.
State-owned LNG Hrvatska, established for the
purpose of building and operating the infrastructure necessary for receiving,
storing and regasifying LNG, started accepting from December 8 non-binding bids
to book capacity at the planned terminal.
The company,which is currently
in the process of obtaining a location permit for the planned terminal, told
SeeNews in December that it expects the project would benefit from the latest
developments regarding the South Stream gas pipeline as they shift focus in the
region on gas supplies via Krk.
In late 2014, Russia abandoned plans to
build the South Stream which was planned to carry gas from Russia under the
Black Sea, making landfall in Bulgaria and then continuing through Serbia and
Hungary towards Austria.
Besides the capacity booking procedure, LNG
Hrvatska intends to initiate a call for equity in the first half of 2015. The
final investment decision on the project is expected in the middle of 2016 with
the commissioning of the LNG terminal seen in the middle of 2019.
The
investment costs for the terminal, which is expected to have a regasification
capacity of 4.0-6.0 billion cu m annually, are seen at 760 million euro ($834.6
million).
The LNG terminal on Krk, which will be able to receive the
largest LNG carriers of up to 265,000 cu m, is planned to comprise two storage
tanks with a capacity of 180,000 cu m each.