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Floating Adriatic Port Closer to Easing Russia Gas Dominance

  • Terminal to be online in January 2021, profitable by 2025
  • Plant result of U.S., Croat efforts to cut reliance on Russia
The Terminal
The TerminalPhotographer: Mario Guerra/Adriatic LNG
Updated on

On a recent late-summer’s day, 24-meter-high pile drivers shook a rocky beach on the Croatian island of Krk with bone-jarring thumps. Where blue waters meet the tan shoreline, workers were laying the foundation for independence from Russian gas.

The construction of a floating seaside liquified natural gas storage facility, already a decade in the making, is still more than a year away from being operational and is far from finished. But planners are already counting on it to give the newest European Union member flexibility in meeting future domestic energy needs and supply storage for other gas users, even if it doesn’t turn a profit before 2025.