- Category: Economy
- Published on Friday, 08 September 2017 13:51
Tirana will host on 09.09.2017 the fourth meeting of the Management Unit for the Ionian-Adriatic Pipeline (IAP) project.
Present in this meeting will not only be personalities from domestic energy institutions, but also representatives of international institutions and experts of this domain.
Let us recall that the Ionian-Adriatic Pipeline (IAP) is the second most important project after the Trans-Adriatic Pipeline (TAP) not only for the Albanian economy, but also for the countries of the region.
This project consists on a 516 km long pipeline which will connect to TAP in the area of Fier, in central Albania, to continue in Montenegro, Bosnia and end in Split, Croatia.
The main objective of this project is to carry 5 billion cubic meters of gas every year, coming from Azerbaijan toward Southeastern European countries.
Albania has completed the drafting of the Gas Master Plan and has built good cooperation with Montenegro, Bosnia and Herzegovina, Croatia and the Energy Community to realize IAP project, alongside TAP project, which is underway.
Meanwhile, Albania is confident that this project is also supported by the United States of America and the European Union. This was announced today by the Albanian minister of Energy, Damian Gjiknuri.
Meanwhile, the US ambassador to Albania, Donald Lu said during on 08.09.2017 that Europe must be relieved from its dependence on Russian gas. Therefore, according to him, projects such as TAP and IAP, which Albania is part of, have a special importance.
On the other hand, the EU ambassador to Albania, Romana Vlahutin said that the gasification of the Balkans makes countries not only more connected, but also brings them closer to the EU.
“Energy reform not only brings benefits for Albania, but it also offers opportunities for transfer of technology. We welcome cooperation between EU countries and increases the investors’ interest”, she added.