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Janaf – Omisalj LNG Storage Terminal – Croatia - Project Profile

Janaf – Omisalj LNG Storage Terminal – Croatia - Project Profile

Synopsis

"Janaf – Omisalj LNG Storage Terminal – Croatia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "Janaf – Omisalj LNG Storage Terminal – Croatia - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

Jadranski Naftovod DD (Janaf) is undertaking the construction of a LNG terminal on Krk Island, Croatia.

The project involves the construction of an LNG terminal with a capacity of 6 billion m3 (bcm) of gas. It includes the construction of two 180,000 m3 storage tanks, metering stations, storage facilities and related infrastructure, the installation of control systems, compressor units, equipment, and the laying of pipelines. It will be implemented in phases.

First phase involves the installation of receipt of LNG Regasification Vessel (LNGRV), with the corresponding annual send-out capacity of 1-2 bcm/year; Second phase involves the construction of Floating Storage Unit and onshore regasification segment of the future LNG terminal, with corresponding sendout capacity of 2-3 bcm/year and third phase involves the construction of onshore LNG terminal, with corresponding send-out capacity of 4-6 bcm/year.

LNG Hrvatska (LNG Croatia LLC), a joint venture between the power utility HEP and the gas system operator Plinacro, has been appointed as project manager.

On July 21, 2015, LNG Croatia invited investors to express interest in building the LNG terminal.

On November 30, 2015, Janaf closed the tenders for the industrial investors and received seven bids including four industrial companies and three finance companies.

Janaf closed the tenders for the financial investors on December 31, 2015.

In 2016, the EU Connecting Europe Facility (CEF) funded the project.

In January 2016, Duro Dakovic Holding dd was awarded a US$24 million contract to build two storage tanks at the terminal.

Geokon company has been appointed as underwater soil surveyor.

Survey activities are underway and scheduled to be completed by September 2017.

Subject to approvals, construction works are expected to commence in the second quarter of 2018 and completed by the first quarter of 2020.

Scope

The project involves the construction of a liquefied natural gas (LNG) terminal with a capacity of 6 billion m3 of gas on Krk Island, Croatia.

The US$656 million project involves the following:

1. Construction of two 180,000 m3 storage tanks

2. Construction of metering stations

3. Construction of storage facilities

4. Construction of a control building

5. Construction of relted infrastructure

6. Installation of equipment

7. Installation of compressor units

8. Laying of gas pipelinesReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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