Under the terms of the Memorandum of Understanding and Co-operation (MOUC), a joint working group will be established immediately to further evaluate areas of potential co-operation, ranging from the alignment of overall schedules and sharing of best practice, to facilitating the mutual understanding of each projects’ technical requirements. This will include capacity needs, new construction and upgrades of existing infrastructure, the co-ordination of maintenance, and environmental and social impact assessments.

Trans Adriatic Pipeline (TAP) AG Business Development and Permitting Director Barnim Piechorowski said “The signing of this MOUC is a significant step towards the realisation of Ionian Adriatic Pipeline (IAP); it provides the south eastern Europe region with the opportunity to get access to Caspian gas. On the other hand, it is also a key achievement for TAP, as it increases TAP’s value for gas suppliers with an interest in marketing own gas in that region. The Republic of Albania is a key country for both pipeline projects, and it will play a central role in the realisation of the Southern Gas Corridor, an essential component of the European Union’s energy policy.”

The IAP project has also recently been awarded an approximately $US4.9 million grant by the Western Balkan Investment Framework for the execution of a feasibility study and environmental impact assessment.

TAP AG – comprised of Statoil, E.ON Ruhrgas and EGL – aims to construct a 520 km, 42 and 48 inch diameter natural gas pipeline via Greece, Albania and Italy to bring Caspian gas to Europe. The pipeline is also envisaged with reverse-flow capabilities that will facilitate reliability in the event of regional energy supply disruptions.

Article continues below…
Advertisement

Plinacro, together with BH-Gas and the Ministry of Economy of Montenegro, are promoting the 516 km IAP, which will have a 5 Bcm/a capacity and deliver gas to Croatia, Bosnia and Herzegovina, Montenegro and Albania.

The IAP connection to TAP will provide south eastern Europe, a region heavily dependent on a single gas supplier, with new and reliable natural gas supplies from the Caspian region. It is also expected to bring major energy security and economic benefits to the region.