tihomir orešković.jpg
Photograph: HINA/ Damir SENČAR /ds

Prime Minister Tihomir Oreskovic said on Thursday that the LNG terminal on Krk island would be of great benefit to Croatia, adding that he had not met with representatives of a Canadian consortium who earlier in the day expressed their intention to build the terminal and an energy hub on the island.

Asked at a press conference after a government meeting whether the government supported the consortium's plan and whether it overlapped with its own plan regarding the LNG terminal in Krk, Oreskovic said that energy was one of the key areas and that it was necessary to develop a new energy strategy as soon as possible.

Oreskovic said he had had two meetings about the LNG project, but not with the Canadian consortium. He had met with representatives of Lithuania and former Polish President Donald Tusk, who told him that the price of gas fell by 30 percent as soon as they launched LNG projects.

Oreskovic said that the LNG terminal would be a great bonus for Croatia. "This investment, and I think it will be a floating terminal, will accelerate our entry onto the market," he said and added: "Europe is looking for a diversification (of supply routes) and I think we can play a major role for Europe in this regard."

A group of foreign investors led by the Canadian-based Pulsat Global Capital Inc. and BSH Group, which aim to build a Krk energy hub worth EUR 4.7 billion and employ 1,800 people, said on Thursday that the process of purchasing land for that purpose was nearing completion and that they had called on the Croatian government to support their project.

The Croatian government plans to build an LNG terminal on the same spot through the LNG Croatia company, which said that the Canadian investors failed to apply for its tenders and thus express their interest in the project.

The foreign investors said that the government could not build on someone else's property.

Latest news

Trump-style rhetoric is making world more dangerous, Amnesty says

Divisive and "poisonous" language used by politicians such as US President Donald Trump is putting vulnerable populations at risk and making the whole world a more dangerous place, Amnesty International charged on Wednesday.

Canada soon to begin resettling Iraqi refugees, most of them Yezidis

Canada will resettle 1,200 survivors of the Islamic State campaign to target religious minorities in northern Iraq, Canadian officials announced Tuesday. 

Breitbart editor resigns after release of paedophilia comments

Milo Yiannopoulos, a controversial editor at the far-right Breitbart news website, resigned Tuesday after the emergence of recordings in which he appears to defend sexual relationships between young boys and older men.

Trump administration opens door for mass deportations

The US Department of Homeland Security laid the groundwork Tuesday for mass deportations of immigrants living illegally in the United States under an executive order by President Donald Trump last month.

Brexit bill: House of Lords says public can change mind on leaving EU

The British public should be able to change their minds on Brexit - just as Prime Minister Theresa May did, the upper chamber of parliament heard Tuesday during a marathon debate on legislation to kick off EU negotiations.

Italian lawmakers, rights activists clash over gay sex club scandal

Gay rights activists and conservative politicians clashed Tuesday after the chief of Italy's anti-discrimination office quit over allegations that money had been authorized for gay sex clubs.

EU countries agree new rules to avoid tax evasion

European Union finance ministers in Brussels on Tuesday reached a political agreement on new rules to ensure that multinational corporations do not declare profits in the countries where they pay the least tax but in the countries where they generate it.

Trump condemns "horrible, painful" anti-Jewish incidents

US President Donald Trump condemned a recent spate of threats against Jewish community targets across the United States, during a visit Tuesday to the newly opened National Museum of African American History and Culture in Washington.

FinMin expects Croatia to exit Excessive Deficit Procedure this spring

Finance Minister Zdravko Maric said on Tuesday Croatia could exit the Excessive Deficit Procedure this spring and that it was showing progress in correcting macroeconomic imbalances.

Austria seeks to create jobs, but new EU immigrants need not apply

Austria plans to create 160,000 jobs in the next three years by subsidizing companies, but the project has raised concerns because it effectively excludes people who recently immigrated from other EU countries.

Juncker: Not good for W. Balkans that some in Washington want to water down EU

European Commission President Jean-Claude Juncker said on Tuesday it was not good for Western Balkan countries that some people in the new US administration gave the impression of being against the European Union because those countries needed the prospects of EU membership.

Citizens invited to help create Croatian version of Monopoly

A project to create a Croatian edition of Monopoly, in which citizens can participate by submitting proposals and which could become a souvenir for tourists, was presented at a press conference on Tuesday.

German state approves full-face veil ban

Legislation that bans face veils in select public spaces and situations was agreed by the government of the southeastern German state of Bavaria on Tuesday.

Indian restaurant Gaggan in Bangkok named Asia's best for third year

Bangkok's Indian eatery Gaggan on Tuesday was named the best restaurant in Asia for the third consecutive year by Asia's 50 Best Restaurants.

HGK: 16 Croatian companies to exhibit at IDEX defence exhibition

Sixteen Croatian companies will exhibit their products at the 13th IDEX 2017 defence exhibition in Abu Dhabi, to be held on February 19-23.