BAKU, Azerbaijan, July 7
By Leman Zeynalova – Trend:
The Ionian Adriatic Pipeline (IAP) project is important for South East Europe as a new gas supply route, which, in addition to improving security of supply, also ensures diversification of sources in line with Energy Union objectives, Minister of Foreign and European Affairs of the Republic of Croatia Gordan Grlić Radman said in an exclusive interview with Trend.
“The operative promoter of the project in Croatia is Plinacro, which has prepared complete documentation for the establishment of the IAP-project company and its headquarters in Dugopolje, Croatia. Given the situation with the COVID-19 pandemic, these activities have slowed down. However, Plinacro applied the project for the 5th PCI list to be adopted by the end of 2021. Also, the project is highlighted in the EU enlargement documents and is particularly important because of the gasification of Montenegro and the opening of a new supply route for Bosnia and Herzegovina. We are particularly grateful to SOCAR and the Government of Azerbaijan for the continuous and great support in the preparation of the project,” said the minister.
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 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.
Azerbaijan started gas deliveries to Europe via the Trans Adriatic Pipeline (TAP), the final leg of the Southern Gas Corridor, on December 31, 2020. TAP has the capacity to transport approximately 10 billion cubic meters of gas per annum (bcm/a) to several markets in Europe. The pipeline is also designed with the potential to expand its throughput capacity up to 20 bcm/a. TAP plays a significant role in boosting Europe’s energy security, supply diversification, as well as decarbonisation objectives.
---
Follow the author on Twitter: @Lyaman_Zeyn
