Croatian, Polish Gas Pipeline Operators Sign Accord

Croatia’s and Poland’s state-owned natural-gas pipeline operators said they signed a cooperation accord today that includes an agreement to connect their liquefied natural gas terminals.

Economy Minister Radimir Cacic told reporters in Zagreb that Croatia will build a 1.1 billion-euro ($1.4 billion) project on the island of Krk in the Adriatic Sea, including an LNG terminal, estimated at 600 million euros, and a 500 million- euro gas thermal-electric plant.

Croatia will seek financing from European Union funds to account for about a quarter of the estimated price, Cacic said. The country wants to complete the project by 2017.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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