Croatia develops underground gas storage of 500 million kuna (66 million euros)

ZAGREB (Croatia), May 26 (SeeNews) – Croatian gas storage capacity manager Podzemno Skladiste Plina (PSP) is developing a 500 million kuna ($71 million/66 million euros) in Grubisno Polje, which should be completed by 2027, the Ministry of Economy said.

“The security of Croatia’s energy supply is the main objective of the government and Grubisno Polje is an extremely important strategic investment project worth half a billion kunas, which contributes to this. With this storage, the Croatian natural gas system will be flexible, safe and stable,” Economy Minister Davor Filipovic said in a press release following a presentation of the project last week.

Construction work on the future storage facility in eastern Croatia started in February this year. Its planned operating capacity will be approximately 117 million cubic meters of natural gas when connected to the transmission network.

The capacity of the Grubisno Polje gas field, some 800 meters deep, is estimated at some 200 million cubic meters, according to the press release.

So far, Croatia has an underground gas storage facility, Okoli, located about 50 kilometers southeast of Zagreb.

PSP belongs to the public gas transmission network operator Plinacro.

(1 euro = 7.534 Croatian kuna)

Bonny J. Streater