LNG Croatia

The Croatian economy ministry is thinking about removing the planned liquefied natural gas, LNG, terminal on the northern island of Krk from its list of strategic investment projects, media in the country have reported.

Media reports in Croatia have suggested that Oreskovic's government will focus on reforms of the public administration and the healthcare system, as well as on reducing the number of state agencies.

LNG Croatia, the state company responsible for constructing a planned gas terminal on the island of Krk on the northern Croatian coast, on Tuesday opened a tender for potential investors.

The planned terminal will receive, store and re-gasify liquefied natural gas, LNG.

Croatian deputy prime minister Branko Grcic said on Wednesday that the cancellation of the South Stream project was "an impulse to build the LNG terminal even faster".

Grcic said that the cancellation of South Stream, which was due to take Russian gas through Bulgaria and Serbia to Europe, would make the terminal on Krk more valuable.