The Montenegrin section of the planned regional gas pipeline that will be linked to the Trans Adriatic Pipeline (TAP) will cost around EUR 100mn and EU funds could finance up to 80% of the construction costs since the project is of key importance to Europe, radio station AntenaM quoted a government official as saying.
The preparation of a feasibility study has been underway, which is also financed by the EU, deputy economy minister Vladan Dubljevic said. He added that the study will define the pipeline's route through Montenegro and the connections with Albania and Croatia.
The EUR 40bn TAP was selected earlier this year to bring natural gas from Azerbaijan’s Shah Deniz to Europe as an alternative to the Russian gas. TAP will transport the gas via Greece and Albania and across the Adriatic Sea to Italy and Western Europe. In order to connect with the rest of Southeast Europe, one leg of TAP will stretch from Albania through Montenegro and Bosnia to Croatia.
Dubljevic has said earlier that Montenegro estimates it could earn up to EUR 30mn annually in transit fees from the future regional gas pipeline. The final signing of the deal, connected with the planned investment, is expected at the end of the year.
The European Commission announced on March 12 that it has opened an in-depth investigation to assess whether various public support measures from Romania in favour of energy ... more
A plan to truck oil from Iraq’s northern Kirkuk fields to Iran cannot yet be put into operation because of unresolved security concerns, the Iranian secretary-general of the Iran-Iraq Chamber of ... more
International oil major Shell plans to invest $42.5mn in oil and gas exploration in southern Albania over the next seven years, Albania’s National Agency of Natural Resources ... more