President of the Scientific Council for Oil and Gas at the Croatian Academy of Sciences and Arts (HAZU), Mirko Zelic said that Croatia has to to rethink whether it really needs the liquefied natural gas (LNG) terminal on Krk island at this moment.
He explained that currently there are 25 LNG terminals across Europe, most of which operate at about 50 % of their capacity, some even at 20 or 30 % of capacity. Therefore, the market does not need another terminal at the moment, and Croatia should analyze the strengths and weaknesses of this project before deciding whether to implement it or not.
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Tags: construction, Croatia, financial, floating terminal, gas, krk, LNG, South Stream, terminal