Avenir LNG Signs Agreement With PPD to Develop LNG Truck Distribution From Krk LNG Facility
Avenir LNG Limited has announced the signing of a Joint Collaboration Agreement (JCA) with Prvo Plinarsko Drutvo d.o.o. (PPD) that will initially focus on the sale and distribution of LNG by truck and small-scale LNG vessels from the Krk LNG Terminal to off-grid industries, power generation, marine bunkering, and truck refuelling stations in Northern Italy and Eastern European countries.
This JCA follows Avenir and PPD's successful partnership on the first small-scale LNG reloading operation from the Krk FSRU in May 2021.
Avenir and PPD will start delivering LNG by truck from the Krk FSRU to clients in northern Italy and eastern Europe in October 2022. According to the JCA, the parties will also assess if it is feasible to provide a long-term solution via an LNG breakbulk terminal along the Adriatic Sea to serve the underserved eastern European market.
Peter Mackey, CEO of Avenir LNG Limited, said:
"The combination of Avenir’s small-scale LNG expertise and PPD’s local energy knowledge will allow us to reach strategic growth markets around the Adriatic sea by small-scale LNG supply chains and further enable the switching to cleaner, greener and more sustainable forms of energy.”
Ivana Ivančić, Management Board Member of Prvo Plinarsko Društvo d.o.o., said:
“We can state with pleasure that Croatia enabled the infrastructure preconditions for the future development of the small-scale LNG market in the entire region. The synergy of Avenir and PPD will contribute to Eastern Europe and Adriatic market development, bringing a sustainable alternative for businesses and people in the region.”
Source: Avenir LNG