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President:Croatia looks forward to transportation of Azerbaijan's gas to Balkan countries via IAP

25 October 2016 14:26 (UTC+04:00)
President:Croatia looks forward to transportation of Azerbaijan's gas to Balkan countries via IAP

Croatia is looking forward to transportation of Azerbaijan's natural gas to Balkan countries via Ionian Adriatic Pipeline, said Croatian President Kolinda Grabar-Kitarovic, who is on an official visit in Azerbaijan, as she met with SOCAR president Rovnag Abdullayev.

She underlined the importance of the Croatia-initiated Ionian-Adriatic Gas Pipeline project in ensuring energy security of Europe, especially Balkan countries.

President Grabar-Kitarovic said her country looked forward to the transportation of the Azerbaijan's natural gas to Balkan countries which will be followed by completion of the TANAP and TAP- the South Caucasus Pipeline projects and IAP's connection to this network.

Rovnag Abdullayev hailed Azerbaijan's contributions to Europe's energy security and diversification of the continent's gas transport infrastructure. He highlighted the course of the implementation of TANAP and TAP-the South Caucasus Pipeline projects, which comprise the segments of the Southern Gas Corridor, due to transport the Azerbaijani natural gas to Europe.

Saying SOCAR has signed a Memorandum of Understanding on a project for the construction of the future Ionian-Adriatic gas pipeline with Croatia, Albania, Bosnia and Herzegovina and Montenegro, Abdullayev hailed the importance of the step in terms of regional energy security and diversification.

TAP, which is a part of the Southern Gas Corridor, one of the priority energy projects for the EU, envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.

The 870-kilometer pipeline will be connected to the Trans Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south. Once built, TAP will offer a direct and cost-effective transportation route. Moreover, TAP's initial capacity of 10 bcm of gas per year is equivalent to the energy consumption of approximately seven million households in Europe, the fact is considered to be an indication of the future increase in energy security of a whole Europe, including Italy. ---

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