Ukraine and Croatia create Adriatic gas corridor

On November 5, 2013 Ukrainian Premier Nikolai Azarov and Croatian Premier Zoran Milanovich are going to sign the memorandum to create the Adriatic gas corridor, which will connect Ukraine, Hungary and Croatia, said Ukrainian Premier at the meeting with the Assistant of the US Secretary of State Victoria Nooland. 

“On November 5, 2013 Croatian Premier will pay an official visit to Ukraine and we are going to sign the  memorandum to build LNG terminal and pipeline on the Adriatic coast,” the press office of the Ukrainian Cabinet of Ministers quoted Azarov.

Head of the government reminded that during the past three years Ukraine overpaid Russia $20 billion, because of the gas contracts of 2009, and now it is forced to diversify the energy carriers’ deliveries, production of hydrocarbons from non-traditional sources and also switch from power to coal.

In October 2013 the Ukrainian Ministry of Energy said that Ukraine, Croatia and Hungary have agreed to build the Adriatic gas corridor. The pipeline will be connected to the LNG terminal, which Croatia plans to build on the Krk island in the Adriatic Sea (Adria LNG project). The corridor envisages natural gas deliveries from the LNG terminal on the Krk island in Croatia through the Hungarian gas transportation systems to the Ukrainian gas storages.—0--