Albania, Bosnia, Croatia and Montenegro are planning to complete the preliminary design of the Ionian-Adriatic gas pipeline (IAP) by September next year.
"The project is currently developing according to the expected dynamics and we are happy not only for this, which is the result of the commitment in the project of all the countries crossed by the pipeline, but also for the high quality of the activities completed to date."- write the media in Montenegro, citing sources from the Ministry of Economy.
The four companies involved - "Bonus" of Montenegro, "Albgaz" of Albania, "BH-Gas" of Bosnia and "Plinacro" of Croatia - last week found an agreement for the establishment of a new joint venture that will will take care of the construction of the pipeline and which actions will be divided equally between the four companies.
The Ionian-Adriatic pipeline
The IAP is a proposed pipeline in south-eastern Europe (SEE) that will extend from Albania to Croatia (Split), passing through Montenegro and Bosnia and Herzegovina. Furthermore, the IAP will be directly linked to the TAP, the trans-Adriatic pipeline.
The pipeline will reach a capacity of five billion cubic meters of gas per year, and a total length of 511 kilometers. In Albania, natural gas will be transported from Fier where the IAP will be connected to TAP, thanks to a project in progress that involves the SOCAR company.
Albania, Bosnia, Montenegro and Croatia signed a memorandum of understanding with SOCAR concerning the Ionic-Adriatic pipeline project in August of the 2016.
TAP works in Albania
Work on the maritime section of the trans-Adriatic gas pipeline in Albania started last October. The section, which links the Albanian coast to the Italian one, will have a length of 105 km.
The TAP will be positioned on the Adriatic seabed: for 37 km in Albanian waters, for 25 km in Italian ones and for 43 km in international waters. The deepest point of the pipeline will be around 810 meters below sea level. For the construction of the maritime stretch, approximately 9000 meter diameter tubes will be used, for a total of approximately 0.91 tons.
The trans-Adriatic pipeline will transport natural gas from Azerbaijan to Europe. Along 878 km, it will be connected to the trans-Anatolian pipeline near the Greek-Turkish border of Kipoi. It will pass through Greece, Albania and the Adriatic Sea, before arriving on the coast of southern Italy.
Its construction will facilitate the supply of gas in some south-eastern European countries and the transport of natural gas from the Caspian region to the largest European markets.
The pipeline will promote economic development and job creation, as well as being a major source of foreign direct investment in Albania. The first amount of gas will reach Europe in the 2020.