Project developer LNG Croatia will use a floating storage and regasification unit provided by Golar Power for its LNG import project.
The Croatian company said Golar Power's winning bid is based on the conversion of its existing LNG carrier, the 140,000-cbm Golar Viking (built 2005), giving a value of €159.6m ($179.7m).
The FSRU will offer a nominal regas capacity of 300,000 cbm per hour or 2.6 billion cbm per annum.
LNG Croatia said this is in accordance with the technical capacity of the gas transmission system of the Republic of Croatia.
The unit, which is to be sited off Krk Island in Sepen Bay, will work with an open loop system, the company added.
The LNG carrier-to-FSRU conversion will be delivered in the period from 30 September to 30 October 2020 to allow the terminal to be fully operational by 1 January 2021.
LNG Croatia, which has restarted its tender process several times, said it received three bids for the job to supply, operate and maintain an FSRU with the other two bidders named as MOL and Maran Gas Maritime.
The developer said it had selected "the most economically advantageous bid".
An open season process for terminal capacity is due to close on 20 December.
LNG Croatia said the agreements on the FSRU with Golar Power are non-binding and will only enter into force once the open season has been concluded and a final investment decision taken on the project.
Croatia has been trying to put an FSRU in place for many years.
The project appeared to receive a boost early this year when it received European Union funding but this specified that the cash must be spent on the unit and a cap of between $120m and $130m appeared to point to a conversion or secondhand unit as the most likely choice.
