Representatives of the governments of Croatia, Montenegro, Albania, and Bosnia and Herzegovina signed a memorandum highlighting their intention to construct two new pipelines – the Trans-Adriatic pipeline (TAP) and the Ionian-Adriatic pipeline (IAP), the Croatian Times reported citing news agency RIA Novosti. The parties have agreed to promote the development, financing and implementation of projects for the construction of the gas pipelines. The parties have also announced their commitment to the EU’s plan for the diversification and security of gas supplies to Europe.