Austria, Croatia, Bavaria team up for Adriatic LNG project – EURACTIV.com & More Trending News

 

In a bid to scale back dependence on Russian fuel, Austria, Croatia and the German area of Bavaria introduced an energy-political partnership throughout a go to by Austrian Chancellor Karl Nehammer and Bavarian Minister-President Markus Söder to Croatia’s liquefied pure fuel (LNG) terminal within the northern Adriatic.

Dependent on Russian fuel and strongly interconnected, Austria and Bavaria signed up for the partnership to scale back their shared dependence on Russian fuel to permit for imports from world fuel markets.

“The current energy challenges remind us that we need to work even more closely and coordinated at the European level to increase our resilience,” mentioned Nehammer whereas visiting Krk on Thursday.

The Krk LNG terminal can regasify fuel from nations like Qatar and the US, which is liquefied, supercooled after which shipped.

With an annual capability of three billion cubic metres (bcm), the terminal could have its capability doubled to greater than six bcm, Croatia’s President Andrej Plenkovic defined.

In 2021, Austria imported about seven bcm price of fuel from Russia.

“For Bavaria’s long-term energy supply, we are also looking to the south. The goal is one pipeline for two substances – gas now, hydrogen in the future,” defined Bavaria’s Markus Söder.

Nehammer and Söder additionally affirmed their dedication to pushing for EU funding for the project. They mentioned that current frameworks just like the Connecting Europe Facility (CEF) and REPowerEU – the EU’s plan to grow to be unbiased of Russia – may present funding.

Meanwhile, Plenković mentioned the three governments would kind a joint physique to outline additional power cooperation fashions, constructing fuel pipelines and boosting the capability of Croatia’s floating LNG terminal on the northern Adriatic island of Krk, Jutarinji List reported.

“Our wish, in the spirit of European solidarity, is for gas and oil pipelines in Croatia to be of service to neighbouring countries. This initiative towards Slovenia, Hungary, Bosnia, Germany, and Austria represents a concretisation of plans drafted by our experts,”  Plenković mentioned.

“In Croatia, we have to contribute not only to our own energy security but to that of neighbouring countries, including Germany and Austria,” he added.

Croatia had determined to spice up the capability of the LNG terminal on the island of Krk from 2.9 to six.1 billion cubic metres of fuel, double the annual want of Croatia’s households and business mixed, the prime minister added.

“The idea is to set priorities through mutual talks,” he mentioned, explaining that the purpose then is for the three governments to collectively apply for co-financing of such initiatives from the European Commission.

Plenković mentioned in May Croatia may grow to be an “energy hub in the northern Adriatic” for Central Europe, because the continent seeks to wean itself off Russian power, primarily on the again of the LNG terminal.

(Nikolaus J. Kurmayer | EURACTIV.de, Zoran Radosavljević | EURACTIV.com)

Austria, Croatia, Bavaria team up for Adriatic LNG project – EURACTIV.com

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Austria, Croatia, Bavaria team up for Adriatic LNG project – EURACTIV.com

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