Planners behind the 15 billion m3 (bcm) a year Adriatic LNG terminal in Croatia are calling for national partners to provide the funds to lift it off the ground.
Companies pulling out of the project have plunged the 2014 operational deadline into doubt.
We're looking forward to have Croatian partners with us as we cannot make proper planning of commercial contracts without their input, Michael Mertl head of the Adria LNG consortium, comments.
The Adria LNG consortium now comprises Germany's E.ON-Ruhrgas, Austria's OMV, France's Total and the Geoplin gas firm from Slovenia.
The Croatian side, including oil group INA, state power board HEP and state-owned gas pipeline operator Plinacro, should have a 25% stake in the joint venture.
The final investment decision is expected in 2011 and interest among banks for financing the terminal, whose costs are estimated at some 800 million, have already been looked at.
The target markets are countries in central and southeastern Europe, but also Italy.
The consortium expects to have an environmental study completed by the end of January and location permit approved by the beginning of the second quarter in 2010.
Croatia consumes 3.2 bcm a year.