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Nov 23, 2023 17:53 EEST
November 23 (SeeNews) - Croatia's gas transmission system operator Plinacro said on Thursday it started construction works on the Zlobin – Bosiljevo pipeline - a 155 million euro ($169 million) investment project that would help boost security of domestic supply and increase gas transit towards Hungary and Slovenia.
The future 58 km long pipeline in northern Croatia will allow Plinacro to increase the transmission of liquefied natural gas (LNG) from the terminal on the island of Krk up to its full capacity of some 3.5 billion cubic metres per year, the state-owned company said in a press release.
Financing for the project has been provided by the Croatian government. The construction works will be carried out by a local consortium led by engineering company Monter - Strojarske Montaze, and they are expected to be completed in 2025.
The ongoing capacity increase of the Krk LNG terminal and the construction of the Zlobin – Bosiljevo gas pipeline will further diversify the routes and sources of natural gas supply to the Croatian market and create the main prerequisites for additional supplies to the European Union, Plinacro said.
The floating LNG terminal on the Krk island started operating in January 2021. It delivers natural gas to the Croatian national transmission network, which is connected to fellow EU member states Slovenia, Italy and Hungary, as well as to non-EU members Serbia and Montenegro.
($ = 0.917 euro)
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