Preliminary design of Ionian-Adriatic Pipeline to be ready in a year
Baku, Azerbaijan, Sept.3
By Leman Zeynalova – Trend:
Albania, Bosnia, Croatia and Montenegro plan to complete the preliminary design of the Ionian-Adriatic Pipeline (IAP) by September next year, Trend reports citing Montenegrin daily Pobjeda.
"The project is currently developing according to the planned dynamics and we are satisfied not only with the dynamics of the activities so far, which are the result of the commitment to the project of all countries through which IAP goes, but also with the high quality of the activities completed so far," Pobjeda quoted sources from the Montenegrin economy ministry as saying.
Reportedly, our companies - Montenegro Bonus, Albania's Albgaz, Bosnia's BH-Gas and Croatia's Plinacro, have recently agreed the incorporation of a joint venture for the construction of the pipeline, in which all companies will hold equal stakes.
IAP is a proposed natural gas pipeline in Southeastern Europe that will stretch from Albania through Montenegro, and Bosnia and Herzegovina, to Split in Croatia. It will be connected with the Trans Adriatic Pipeline (TAP). The capacity of the pipeline will amount to five billion cubic meters of gas per year.
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