BAKU, Azerbaijan, March 23. Montenegro is considering seeking a concessionaire for the Ionian-Adriatic Pipeline (IAP) on its territory, Trend reports citing local media.
The Western Balkans Investment Framework estimates that the pipeline’s length will be 94 kilometers, and the construction will cost approximately 207 million euros.
“This is big money, so we are considering offering a concession for the gas project," the local media quoted the capital investments ministry as saying.
The diameter and pressure of the gas pipeline through Montenegro have not been defined yet, the sources from the ministry said.
The planned capacity of the IAP is five billion cubic metres of natural gas per year. Albania will use approximately one billion cubic metres, Montenegro would take half a billion, for southern Bosnia and Herzegovina one billion cubic metres. Croatia would take over about 2.5 billion cubic metres a year for its own needs and the needs of countries in Central and Eastern Europe.
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