Trans Adriatic Pipeline, Albania Sign Memorandum for SEE Security of Supply
Earlier this year TAP signed similar agreements with other IAP participants, including Croatian gas system operator Plinacro Ltd, Bosnian gas system operator BH-Gas and the government of Montenegro. TAP supports the objectives of these countries in further developing the SEE regional gas market and integrating it to the EU energy market
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Trans Adriatic Pipeline and the government of Albania signed today in Tirana a Memorandum of Understanding and Cooperation (MOUC) with a focus on exploring possibilities for connecting the Ionian Adriatic Pipeline (IAP), a major regional natural gas project, to the Trans Adriatic Pipeline system at a tie-in point near Fier in Albania.
Earlier this year TAP signed similar agreements with other IAP participants, including Croatian gas system operator Plinacro Ltd, Bosnian gas system operator BH-Gas and the government of Montenegro. TAP supports the objectives of these countries in further developing the SEE regional gas market and integrating it to the EU energy market.
By having signed agreements with all four participants of the Ionian Adriatic Pipeline, TAP consolidates the framework necessary for the further development of the TAP and IAP’s interconnection. Next steps will include alignment of the projects’ schedules and technical specifications of the pipelines.
The IAP connection to TAP will provide SEE, a region heavily dependent on a single gas supplier, with new and reliable natural gas supplies from the Caspian region. What is more, it will bring major energy security and economic benefits to the region.
Recently, the significance of the IAP project was recognized by the Western Balkan Investment Framework (WBIF), which decided to grant the Ionian Adriatic Pipeline project 3.5 million Euro for the execution of a feasibility study and environmental impact assessment (EIA).
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