IAP project counts on EU, US support
The countries involved in the construction of the Ionian-Adriatic Pipeline (IAP), Albania, Montenegro, Bosnia and Herzegovina and Croatia count on the support of the European Union and the United States.
The remarks were made during the meeting of the Project Management Unit for IAP project held in Tirana.
Addressing the event, Albania’s Energy Minister Damian Gjiknuri stated that his country has completed the drafting of the Gas Master Plan and has built a fruitful cooperation with Montenegro, Bosnia and Herzegovina, Croatia and the Energy Community for the implementation of the IAP project.
He expressed confidence that this project will be supported by both the United States and the European Union, said the message posted on the website of Albanian energy ministry.
Of course, the Trans Adriatic Pipeline (TAP) project is really the main pillar to support the development of the gas sector in Albania, but IAP pipeline will also play a primary role, said Gjiknuri.
IAP is not just a natural extension of TAP, said the minister, adding that it will also ensure energy security in the region and bring economic progress to the countries through which it passes.
“We point out that three of the IAP countries are NATO member countries and this makes the IAP project even more necessary in terms of strategic interests in the region,” said Gjiknuri.
IAP is a proposed natural gas pipeline in Southeastern Europe (SEE) that will stretch from Albania through Montenegro, and Bosnia and Herzegovina, to Split in Croatia. It will be connected with the Trans Adriatic Pipeline (TAP).
IAP will provide deliveries of Azerbaijani gas to several countries of South-Eastern Europe. The capacity of the pipeline will amount to five billion cubic meters of gas per year.
TAP is a part of the Southern Gas Corridor, which is one of the priority energy projects for the European Union. The project envisages transportation of gas from Azerbaijan’s Shah Deniz Stage 2 to the EU countries.
The pipeline will connect to the Trans Anatolian Natural Gas Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy’s south.
TAP will be 878 kilometers in length (Greece 550 kilometers, Albania 215 kilometers, Adriatic Sea 105 kilometers, and Italy 8 kilometers).
TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).