BAKU, Azerbaijan, October 25. Around 3 million euros have been spent on the Croatian section of the Ionian Adriatic Pipeline (IAP) so far, Plinacro company, one of the project participants, told Trend.
“Approximately 3 million euros have been spent so far for the preparation of studies and project documentation (such as the drawing up of designs, permits, etc.), as regards the Croatian sections of IAP,” said the company.
The Ionian Adriatic Pipeline has the potential to link up with the Trans Adriatic Pipeline (TAP) in order to facilitate the transportation of gas to numerous countries across Southeastern Europe.
This pipeline, spanning a total distance of 516 kilometers, will traverse Albania, extend through Montenegro, and Bosnia and Herzegovina, ultimately branching in Croatia.
The pipeline's overall capacity is set to reach five billion cubic meters of gas annually. TAP has already formalized memorandums of understanding and cooperation with the project's developers, notably establishing partnerships with companies such as Plinacro (Croatia), BH-Gas (Bosnia and Herzegovina), Geoplin Plinovodi (Slovenia), and engaging in collaboration with the governments of Montenegro and Albania.
To ensure seamless coordination and synchronization of both pipeline projects, a joint working group known as TAP-IAP has been established. This group convenes regularly to address technical interconnection matters and align project timelines.
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