Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Friday, January 18, 2019

Croatia, Montenegro to connect to TAP

Officials from Croatia and Montenegro announced plans to begin construction of a natural gas pipeline that will connect to the Trans Adriatic Pipeline (TAP), according to a U.S. and Azerbaijan Chamber of Commerce report Wednesday.

The TAP has been designed to deliver natural gas from Azerbaijan's Shah Deniz development field to Europe. The project is one that many countries in the region are interested in joining. 

Ministers of Economy from Croatia and Montenegro, Ivan Vrdoylak and Vladimir Kavaric, respectively, announced the plan for a connecting pipeline in a joint press conference. 

"There is a political will," Vrdoylak said. "Now you have to gather investors and regulators to discuss transit costs. We also would like to include Bosnia and Herzegovina in this project."

Both countries will be investing approximately $742.5 million into their connecting pipeline. According to the report, this pipeline will be constructed along the coast of the Adriatic Sea

Organizations in this Story

United States - Azerbaijan Chamber of Commerce

Want to get notified whenever we write about United States - Azerbaijan Chamber of Commerce ?
Next time we write about United States - Azerbaijan Chamber of Commerce, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.