Xinhua: LNG by 2020, South Stream not priority: Croatia official

Croatian Economy Minister Ivan Vrdoljak said on Tuesday that a liquefied natural gas (LNG) terminal on the Croatian northern Adriatic island of Krk was on the European Commission's list of priorities and that it should be built by 2020 at the latest.

"Energy supply is a priority on the lists of projects which might be funded by the European Commission," Vrdoljak said.

A development permit would be issued the moment the government named the LNG terminal a strategic project, said Vrdoljak, adding that this would happen very soon and that the terminal could be built by 2019 or 2020 at the latest.

The Connecting Europe Facility (CEF) fund was opened for such projects and Croatia will apply in August for the co-financing of the terminal's design project and other documentation necessary so that CEF could later finance construction.
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