The Balkan Countries Preparing to Receive Gas from Azerbaijan

The governments of Montenegro, Albania, Bosnia and Herzegovina and Croatia signed a memorandum of understanding, support and cooperation in the construction of two new pipelines - the Trans Adriatic Pipeline, TAP and the Ionian Adriatic Pipeline, IAP ), said the Foreign Minister of Montenegro.

The MOU was signed in Tirana yesterday. The parties undertook to promote the development, financing and implementation of projects for the construction of gas pipelines, as well as domestic markets prepare to receive gas from Azerbaijan and the Caspian region.

"The Party States expressed their full support to the projects TAP and IAP, and confirmed the EU's support for the objectives of diversification and security of supply of gas to Europe," said the statement.

As the Minister of Foreign Affairs of Montenegro said, TAP is designed to transport gas from the Caspian region to Western Europe. It is planned that the pipeline will connect Greece and Albania and across the Adriatic Sea will be delivered to the Italian region of Puglia.

IAP with length of 530 km will be in fact a branch of the Trans Adriatic. The estimated cost of IAP is 610.5 million euros. It will link the Albanian city of Fiery and Croatian Split through the territory of Montenegro, and Bosnia and Herzegovina, according to RIA Novosti. -0 -