LNG Croatia Plans 30% Capacity Increase at Krk Terminal Amid Rising Gas Prices
LNG Croatia intends to expand the Krk terminal's commercial capacity by 30% by 2027, amid increasing European gas prices influenced by geopolitical tensions. Current market dynamics reflect a rise in gas costs, with TTF prices exceeding €55 per MWh due to uncertainties surrounding Qatari supplies and preparations for the heating season.
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LNG Croatia plans to boost the Krk terminal's commercial capacity by 30% by early 2027, raising it to 4.5 billion cubic meters annually. This follows an increase in European gas prices, reaching over €55 per MWh, driven by geopolitical tensions and preparations for the upcoming heating season.
As of mid-July, EU gas storage was at 55% capacity, up 10% from the previous month. Croatia's gas storage in Okoli was at 49%, down from 66% in July 2024. The terminal currently has a maximum capacity of 6.1 billion cubic meters.
The planned auction for increased capacity is set for Q1 2027. Potential risks include continued geopolitical instability affecting gas supplies.
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