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    Bloomberg: Balkan States Seek Gas Partnership That May Cut Russian Reliance

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Summary

The Croatian and Montengrin economy ministers have jointly said today that they are planning a €700 million-pipeline in a bid to cut Russian gas dependence

by: Erica Mills

Posted in:

Press Notes

Bloomberg: Balkan States Seek Gas Partnership That May Cut Russian Reliance

Balkan nations on the Adriatic sea plan to build a new gas pipeline and connect their networks in a move that may help reduce Europe’s dependence on energy imports from Russia.

Croatia and Montenegro plan construction of a 700 million-euro ($754 million) gas supply route along the coast and link it to the future Trans Adriatic pipeline by 2020, Croatian Economy Minister Ivan Vrdoljak and his Montenegrin counterpart, Vladimir Kavaric, said in a joint interview in the sea resort of Budva, Montenegro.

Read the full article HERE.