Montenegro, Croatia and Albania have agreed to build a 400-km pipeline, according to a ministerial declaration agreed on Tuesday. The new project, which will be linked to the Trans-Adriatic pipeline, will cost around €230 million ($325 million). Montenegro, with 100 km of the pipeline on its territory, is to invest some €60 million in the project.
The agreement was signed in Zagreb by the Montenegrin Minister for Economic Development Branimir Gvozdenovic, the Croatian Minister for the Economy, Branko Vukelic and the Albanian deputy Minister for Trade, Neritan Alibali. “The declaration comes just at the time when Montenegro is about to adopt a strategy for energy development and evaluate its energy capacities”, Gvozdenovic said. He called on all regional governments to start the realization of the scheme as soon as possible “as there is no time to lose”.
Building the project will facilitate the supply of gas to consumers in Albania and Croatia and will also prepare the ground for providing gas to customers in Montenegro. The Ionian-Adriatic pipeline is considered a regional priority project, which is supported by the energy community of south-eastern Europe and the EU. The project should be finished by 2011 or 2012. (BIRN)
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