Project Profile
Value: US$1.05 billion, US$107m (EU funding)
Location: Omisalj on the northern Adriatic Island of Krk, Croatia
Regasification capacity: 2 billion cubic metres (bcm) per year (potential to expand to 5 bcm per year)
Storage capacity: two 180,000 cbm storage tanks (also 3 tank pumps with a capacity of 720m/h each)
Start-up year: 2019
Adria LNG Project is one of the biggest strategic investments being made in the Republic of Croatia (with an estimated investment of 1bn Euros). Croatian electricity company HEP and gas transport system operator Plinacro formed the LNG Hrvatska consortium to take an 11% interest in the project, while the Croatian oil company INA is expected to take the remaining 14% interest, representing a 25% stake reserved in total for Croatian companies. The project involves construction of a liquefied natural gas (LNG) terminal in Omisalj on the northern Adriatic Island of Krk.
The terminal will regasify LNG received from various suppliers through 100LNG tankers. The re-gasified LNG will be supplied to Croatia, Central and South-eastern Europe, and Italy through a new pipeline system. An investment of 800m Euros is expected to be made in the project. Construction of the new pipeline system will bring the total cost of the project to 1bn Euros.
In May, 2010, Adria LNG filed the location permit application for the project; the permit is expected to be granted by the end of the year. A final decision on this project will not be made before 2013, and consequently, the project cannot be completed before 2017. The Adria or Krk terminal will include LNG unloading facilities, LNG storage tanks and tank pumps. Three tank pumps with a capacity of 720m/h each will be installed at the facility. In addition, vaporisation equipment and temporary storage facilities will be part of the terminal. The vaporisation equipment will include two LNG boil off gas (BOG) compressors with a capacity of 7,000m³/h, 10 high pressure pumps with a capacity of 400m³/h each, 10 open rack vaporisers of 32.5MW each and seven sea water pumps with a capacity of 8,700m³/h each. A BOG re-condenser is the option for the second phase of the project.
The terminal will be able to handle LNG carrier sizes ranging from 75,000m³-265,000m³. Depending on the size of the ship the unloading rate will be 12,000m³-16,000m³/hr. A pipeline system will transport natural gas from the terminal to existing pipelines. The terminal will be constructed at Omisalj, a location that is suitably located with regard to the suppliers in the Middle East and North Africa.
Operators:
E.ON Ruhrgas: 39.17% interest
Total: 27.36% interest
OMV: 32.47% interest
Geoplin: 1% interest
Contractors:
LNG Hrvatska: Responsible for setting up the LNG receiving, storage and regasification facilities