Starting in October 2022, Avenir and PPD will begin the distribution of LNG by truck from the Krk FSRU to customers in northern Italy and eastern Europe. Under the JCA, the parties will also evaluate the feasibility in developing a long-term solution (together with partners) via an LNG breakbulk terminal along the Adriatic sea to service the underserved eastern European market.
Commenting on the collaboration, Peter Mackey, CEO of Avenir LNG Limited, said: “The combination of Avenir’s small scale LNG expertise and PPD’s local energy knowledge will allow us to reach strategic growth markets around the Adriatic sea by small scale LNG supply chains and further enable the switching to cleaner, greener, and more sustainable forms of energy.”
Commenting on the collaboration, Ivana Ivancic, Management Board Member of Prvo Plinarsko Društvo d.o.o., said “We can state with pleasure that Croatia enabled infrastructure preconditions for the future development of the small scale LNG market in the entire region. The synergy of Avenir and PPD will contribute to the Eastern Europe and Adriatic market development bringing a sustainable alternative for businesses and people in the region.”
