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Permit Granting
Permit granting process for the project has started in 10/2013 by requesting the EIA which was approved in 04/2014. Location permit was approved in
09/2015. Accordingly to the specific phase of the projects permits will be modified/ obtained.
Political
Project named LNG terminal on the Island of Krk was declared on Government of Republic of Croatia session from 16th of July 2015 a project of strategic
importance for the Republic of Croatia. The Act on strategic investments enables this kind of projects to have the highest priority with faster and simplified
procedure in obtaining necessary documents and permits for the project implementation.
Others
Potential barrier of enough pipeline capacity availability. The pipelines need to be build but FID has not yet been reached, which is a precondition for LNG
terminal realization in forseen deadlines.
Market
Market Background Analysis was carried out and it indicated that the market has commercial potential. Open Season procedure will serve as an official
confirmation of that analysis. The binding phase of Open Season has been carried out. Signing of the contract is expected to be upon NRA's approval of
missing regulatory framework for liquefied natural gas i.e. methodology for determination of tariff for receiving LNG and gas send-out.
Intergovernmental Agreements
Agreement
Agreement Description
Is Signed Agreement Signature Date
CESEC MoU
Memorandum of Understanding
Yes
10/07/2015
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