Croatia, Bosnia sign pipeline deal to reduce dependency on Russia
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
DUBROVNIK, Croatia (AP) — Croatia and Bosnia signed an agreement Tuesday to build a gas pipeline designed to reduce energy dependency on Russia in the volatile Balkans region.
The Southern Interconnection pipeline will link Bosnia with Croatia’s gas network and the liquefied natural gas terminal on the Adriatic Sea island of Krk. Bosnia has designated a U.S.-based company, AAFS Infrastructure and Energy, as the project’s investor and developer.
Croatian Prime Minister Andrej Plenkovic and the chair of Bosnia’s Council of Ministers, Borjana Kristo, signed the deal in the presence of U.S. Secretary of Energy Chris Wright on the sidelines of a summit of the countries of the Baltic, Black and Adriatic regions.
Plenkovic on social media said the gas pipeline would help diversify supplies: “We are strengthening energy security and independence … which is especially important in these challenging global circumstances.”
Kristo called it “a big day for both countries.”
Bosnia currently imports practically all of its gas from Russia via pipelines running through neighboring Serbia and through Bulgaria along the TurkStream route.
The new gas pipeline investment could reach up to $1.5 billion, local media have reported.
The U.S. delegation also included Under Secretary of State for Political Affairs Allison Hooker, who told a panel that the U.S. can help “reduce energy dependency on Russia and to spur economic growth” in the region.
Separately, investment group Pantheon Atlas LLC announced plans for the development of a 50 billion-euro ($58 billion) “hyperscale AI data center and innovation campus” in Croatia. A letter of intent was signed with Croatia’s Koncar Group as a local partner.