Report: Croatia/Hungary/Ukraine gas corridor in works

World

Croatia, Hungary and Ukraine agreed to expand their existing pipelines to create a corridor that will carry natural gas through the three countries and connect to the planned Trans-Adriatic Pipeline in southern Europe...

“The new infrastructure will enable us to send gas to eastern European markets,” Croatian Deputy Foreign Minister Joško Klisović told Bloomberg in a telephone interview, adding the countries’ prime ministers are ready to sign a pact “soon.”

By diversifying gas supplies, the corridor is promised to increase the security of energy supplies in the region and help curb Europe’s reliance on Russian gas after pricing disputes with Ukraine disrupted shipments to European Union customers.

The project may be financed by EU funds and interested companies, Klisovic said, adding it was too soon to discuss the cost.

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