December 10, 2009: The Adria LNG consortium announced that the project got a new shareholder's structure following the withdrawal of RWE back in October. The new shareholder’s structure transferred RWE’s 16.69% stake to the remaining shareholders, Reuters reported on Dec.10. The terminal will be built on the northern Adriatic island of Krk, which is planned to be on-stream in 2014. Construction of the terminal is scheduled to begin in 2011 following the conclusion of the final investment decision (FID).
Participating interests are affiliates of E.ON-Ruhrgas (39.17%), OMV (32.47%), Total (27.36%), and Geoplin (1%).
September 4, 2008: Croatian president Stjepan Mesic said that the island of Krk was the logical location for the proposed Adria LNG terminal. The President noted that technical preparations should be made now.
August 4, 2008: Croatia pushed back its envisioned startup date again, this time to 2014. The terminal is planned to have an initial capacity of around 10 billion cubic metres (bcm) of gas per year, which may be increased to 15 billion bcm eventually. |