Plinacro (Photo: Marko Jurinec/PIXSELL) Plinacro (Photo: Marko Jurinec/PIXSELL)

The project is valued at 209.5 million Kuna (€28.3 million), which will enable constant two-way capacity within the existing interconnection between Croatia and Hungary. It is expected that compressor station, with a maximum power of 4.2 megawatts (MW) and a capacity of 200,000 cubic meters per hour (m3/h), will begin compressing natural gas in the third quarter of 2019.

The project will be funded entirely from Gaza's own funds, among other things, in a statement from the company. Plinacro also points out that the works on the construction of the KS1 compressor station will be entirely a product of domestic know-how and labor.

"With the construction of the KS1 compressor station, Plinacro’s existing 75 bar gas transmission system will allow for the transport of 0.5 billion cubic meters of gas annually from Croatia to Hungary. After the construction of the Omišalj-Zlobin gas pipeline, linking the LNG terminal on the island of Krk to the existing Croatian gas transport system, the system will be able to transport 1.6 billion cubic meters of gas annually," Plinacro said in a statement.

The company added that the project is also an important step in meeting EU regulations which mandate that EU transport system operators are obliged to provide permanent physical capacity for gas transport in both directions (two-way capacity) at interconnections between EU Member States. "The realization of this project is of utmost importance not only for Plinacro and the Republic of Croatia, but also for gas market participants in Croatia and the region," the statement concludes.

Source: HRT