JV to study viability of Croatia LNG terminal

Sept. 7, 2006
A joint venture led by OMV AG has agreed with Germany's E.ON Ruhrgas AS to study the feasibility of building an 8-10 billion cu m/year LNG regasification terminal in Croatia.

By OGJ editors
HOUSTON, Sept. 7 -- A joint venture led by OMV AG has agreed with Germany's E.ON Ruhrgas AS to study the feasibility of building an 8-10 billion cu m/year LNG regasification terminal in Croatia.

The studies, which will be based on investigations started in 1995, could be followed by an intensive technical and economic planning stage, in which other companies from Croatia will also participate.

The feasibility and basic engineering studies are expected to be complete by yearend 2008, with the commissioning of the terminal slated for yearend 2011.

The terminal will deliver gas to Croatia and other countries in southern and Eastern Europe.