Call for Equity procedure ended

5 January 2016

On 31st December 2015 at 12:00am the company LNG Croatia LLC has concluded a public call for investment in LNG Croatia LLC.

Industrial investors were to submit their offers by 30th November 2015, and financial investors by 31st December 2015.

A total of 7 offers from investors have been received, out of which 4 offers were from industrial investors and 3 offers from financial investors.

All potential investors are world-class companies/fonds with strong background in gas industry and financial businesses.

After the deadline for submission of the bids, the evaluation process by legal and financial advisers and technical experts begins.

The entire procedure is carried out in accordance with the project time plan agreed with the European Commission and in line with EU Directives and legislations of Republic of Croatia.

LNG Croatia LLC is a company established for the purpose of building and operating the infrastructure necessary for receiving, storing and regasifying liqiud natural gas.

The LNG receiving terminal will be located in Omišalj county on the Island of Krk in Croatia, North Adriatic, with the purpose to secure energy demands and reduce the cost of doing business through the provision of gas for the expanding energy demands of many European countries.

LNG Croatia LLC, press release