MoU on Ionian-Adriatic Pipeline signed with SOCAR
By Trend
Croatia, Albania, Bosnia-Herzegovina and Montenegro signed a
Memorandum of Understanding (MoU) on the construction of the Ionian
Adriatic Pipeline (IAP) with Azerbaijani state oil company SOCAR,
Croatian media reported.
The signing took place within the Dubrovnik Forum on August 26.
IAP pipeline with a length of around 516 kilometers will be
connected to the Trans Adriatic Pipeline (TAP), which is designed
to transport Azerbaijani gas to Europe, in the city of Fier in
Albania.
The IAP will pass through Albania, Montenegro, Bosnia and
Herzegovina, and end in the city of Split in Croatia, where it will
be connected to the existing gas distribution system of the
country. From Croatia, the gas can go to Hungary and other
countries of Central and Western Europe.
The capacity of the IAP will be five billion cubic meters per year.
The pipeline will be capable of carrying out reverse supply.
TAP has already signed memoranda of understanding and cooperation
with the developers of this project, in particular, with Plinacro
natural gas transmission system operator of Croatia, BH-Gas company
of Bosnia-Herzegovina and Geoplin Plinovodi company of
Slovenia.
Moreover, there has been created a ТАР and IAP working group which
regularly holds meetings in order to synchronize the time of
implementation of both projects and agree on the technical issues
of connection.
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