BAKU, Azerbaijan, January 27
By Nargiz Sadikhova - Trend:
The COVID-19 situation prevented Ionian-Adriatic Pipeline (IAP) project stakeholders from establishing the project company, Croatian Ambassador to Azerbaijan Branko Zebic told Trend.
Commenting on the progress of the Ionian-Adriatic Pipeline (IAP) project, developed by four countries namely Croatia, Bosnia and Herzegovina, Montenegro and Albania, Zebic recalled that an online meeting was held with all relevant stakeholders on January 18, 2022 during which it was concluded that the project company needs to be established as soon as possible.
“There is an intention that representatives of all four governments will sign the statement of support for the development of project company on 4 February 2022 on the margins of the Southern Gas Corridor Ministerial Meeting in Baku. We believe that the company will be established in the next few months, depending on the pandemic situation,” he said.
He also noted that although the preparation of the project company is in the mature phase now, due to the COVID-19 situation it is still not established.
Ionian Adriatic Pipeline can be connected to the Trans Adriatic Pipeline (TAP) to transport gas to many countries in South-East Europe.
The pipeline with a 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. The possible time of implementation of the project hasn’t been announced yet.
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