(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 23. Croatia hopes for
further financing of the Ionian Adriatic Pipeline (IAP).
"In the Guidelines for the Implementation of the Green Agenda
for the Western Balkans, an accompanying document of the Economic
and Investment Plan for the Western Balkans, the IAP project has
been recognised as a project worth supporting; therefore, we hope
for the possibility of financing from other EU funds as well,"
Croatian gas transmission system operator Plinacro told trend .
The company said that in the preparatory phases it received a
grant by the Western Balkans Investment Framework for the
comprehensive feasibility study in the amount of EUR 3.5 million,
while Montenegro and Albania additionally received a grant in the
amount of EUR 4.2 million.
Ionian Adriatic Pipeline can be connected to the Trans Adriatic
Pipeline (TAP) to transport gas to many countries in South-East
The pipeline with total length of 516 kilometers will stretch
from Albania through Montenegro, and Bosnia and Herzegovina, to
split in Croatia.
The capacity of the pipeline will amount to five billion cubic
meters of gas per year.
TAP has already signed memorandums of understanding and
cooperation with the developers of this project, in particular with
companies of Plinacro (Croatia), BH-Gas (Bosnia and Herzegovina),
Geoplin Plinovodi (Slovenia), as well as with the governments of
Montenegro and Albania.
There has been created a TAP-IAP joint working group that
gathers regularly to synchronize the timing of both pipeline
projects and coordinate the technical issues of
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