The upstream outlook for Croatia is weak due to a lack of investment and modest reserves. The prospects for the downstream sector are uncertain amid concerns that at least one of the country's refineries could close. One notable development on the horizon is a proposed liquefied natural gas terminal, though a final investment decision has been delayed again until early 2018.
Latest Updates And Key Forecasts
Croatia's energy ministry has said it plans to launch an onshore bidding round in 2017, possibly in September or October, pending approval of a new hydrocarbons law. The round will include ten new offshore blocks, including six in the Pannonian Basin and four in the Dinarides Basin.