EU APPROVES CROATIAN GOVERNMENT SUBSIDY FOR NEW LNG TERMINAL
August 1st, 2019
THE EUROPEAN Commission has approved Croatian government plans to fund the construction and operation of a floating liquid natural gas (LNG) terminal at Krk island, in the northern Adriatic Sea. The European Union (EU) executive said a direct EUR100 million subsidy from the Croatian government complied with EU state aid rules. It gave the same verdict to a planned ‘security of supply fee’ which will enable Plinacro, the Croatian gas transmission operator, to raise additional levies to cover the terminal’s costs, in case they exceed operating revenues. The ...
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