Energy sector – driving force of the overall development
The energy sector in Croatia already represents one of the most important investors and thus a driving force of the overall economy. Ongoing efforts for the development of the sector serve as a guaranty that the energy will have even more important role for the development of Croatia. Therefore, the Government of the Republic of Croatia and the Ministry of the Economy focus their attention to the development of the energy sector in Croatia. In this respect, some of the most important changes have been introduced, particularly with regard to energy. Namely, the preconditions for Croatia to become the energy centre of the broader region and of the Central and the Eastern Europe have been created. Also, the key energy projects that would ensure a stable energy supply for Croatia and the cheapest energy sources for the citizens and the industry are in the process of realisation, which would enhance industrial development, employment and the overall economy.
Oil and gas exploration in Croatia
After many years of a standstill, the exploration has begun and the conditions for larger investments in exploration and exploitation of hydrocarbons have been created. This was enabled with a development of the legal framework protecting national interests in the energy sector. With regard to oil and gas exploration and exploitation, everything was done from the legal perspective in order to stimulate activities to turn Croatia from an importer to an exporter of energy sources. Ongoing exploration of oil and gas create a possibility for Croatian citizens and the economy to have as cheapest energy sources as possible. It is of an extreme importance for the Ministry of the Economy to ensure a stable, sustainable and a long-term development of the country as well as a safe energy supply to the households and the economy, thus attracting billions of Croatian kuna of foreign investments.
Development of renewable sources
A goal for the development of renewable energy sources has been set which would through stimulation of particular segments of the renewable energy sources enable entrepreneurship development, especially in rural areas, and boost job creation. A share of the renewable energy sources in total electricity generation has been increased, and by 2020 Croatia will meet the assumed European standards to reach 20% of electricity generation from renewable sources.
It has also been achieved that for the industry, which is already burdened by a system of greenhouse gas emissions, the so-called green rent would not be increased. Also, for the first time since the independence the price of electricity is reduced.
Energy price and supply – a key to economic development
Energy is an important precondition for achieving economic growth and development of each country, and energy self-sufficiency and stability are conditions for its basic functioning. Therefore, Croatia's basic objectives are to provide the cheapest possible energy sources for its citizens and industry, stabile and quality supply, as well as the improvement of the efficiency of energy consumption. It is beyond any doubt that Croatia will also follow the European energy policy, by participating in new technologies development, equipment manufacturing and applying it in the most efficient way, contributing thus to safety of supply of the EU market and region, with the lowest possible greenhouse gases emission and ensuring the cheapest energy for Croatian citizens and the economy.
Energy systems development and cooperation
The entire Croatian energy system is well developed and connected to the systems of the neighbouring countries and the European Union. Therefore, as a country, we always strive to fulfil the five most important energy objectives – accessibility, availability, affordability, adaptability and acceptability. However, Croatia is trying to do even much more and by upgrading the existing gas and oil routes, and constructing new ones, LNG Terminal, by exploitation of hydrocarbons from our offshore and land and increasing all the HEP’s potentials, determines a different and better energy future of the country and firmly establishes itself as a key energy hub.
In the energy sector, Croatia is an important part not only of the European Union, but also of the region and openly offers partnership and projects of common interest. Croatia also fully protects all the European market principles, develops quality strategic infrastructural facilities and opens great opportunities of cooperation and investments in propulsive energy sector.