LNG Croatia LLC, in accordance with the Gas Market Act (Official Gazette, No. 18/18), carries out the regulated energy activity of managing the LNG terminal and is responsible for the operation, maintenance and development of the LNG terminal. LNG Croatia LLC was established with the purpose of realization of the LNG terminal on the island of Krk, which is of strategic interest for the Republic of Croatia. In accordance with the Decisions of the Government of the Republic of Croatia declaring the LNG terminal on the island of Krk a strategic investment project for the Republic of Croatia, as well as in accordance with the Law on the Terminal for Liquefied Natural Gas (Official Gazette, No. 11/18), LNG Croatia LLC is designated as the developer of the investment of the LNG terminal project on the island of Krk i.e. as the investor who will carry out the project on behalf and for the account of the Republic of Croatia. In accordance with the decisions of the Government of the Republic of Croatia, the project will be realized in two phases. First phase being the construction of a floating LNG terminal and the second phase being the construction of an onshore LNG terminal on the island of Krk. The LNG terminal on the island of Krk will ensure energy needs and increase security of supply through the new natural gas supply route for the countries of Central and Southeastern Europe.
