Croatian FSRU gets 80th LNG cargo

Croatian

Croatia’s Krk LNG terminal has received its 80th liquefied natural gas cargo since the launch of operations in January 2021.

The 2010-built 170,000-cbm, Methane Julia Louise, arrived at the 140,000-cbm FSRU on December 18, according to a short statement by state-owned LNG terminal operator LNG Croatia.

Methane Julia Louise’s AIS data provided by VesselsValue shows that the LNG carrier delivered the cargo to the FSRU from Cheniere’s Sabine Pass plant in Louisiana.

GasLog’s LNG carrier serves a charter deal with LNG giant Shell that also has a long-term contract for volumes from the Sabine Pass plant.

Back in 2020, Shell signed a six-year deal with Hungary to supply the country with LNG via the Croatian terminal.

The Croatian FSRU mainly receives shipments from the US, but it also received cargoes from Qatar, Nigeria, Egypt, Trinidad, Indonesia, and reloads from European terminals.

Hungary’s MFGK and a unit of Switzerland-based trading firm MET are some of the users of the facility.

From the start of commercial operations, the LNG terminal has regasified more than 10.8 million cubic meters of LNG and shipped more than 6.52 billion cubic meters of natural gas into the Croatian system, according to LNG Croatia’s website.

Due to high demand, LNG Croatia is currently working to boost the capacity of its FSRU-based Krk LNG terminal.

Earlier this year, Finland’s Wartsila won a contract to supply one regasification module for the FSRU.

Under the contract, Wartsila Gas Solutions, a unit of Wartsila, will build the regas module with a maximum capacity of 250,000 m3/h. The firm recently awarded the module contract to China’s CIMC SOE.

The current three LNG regasification units have a maximum regasification rate of 451,840 m3/h.

Following the upgrade, the Krk LNG facility will have a capacity of about 6.1 bcm per year in 2025.

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.