Ukraine, Croatia, Hungary to Sign Pact for New Corridor

Croatia, Hungary and Ukraine agreed to invest in a new corridor that will connect to the planned Trans Adriatic Pipeline, Reuters reports on Wednesday.

“The new infrastructure will enable us to send gas to eastern European markets,” Croatian Deputy Foreign Minister Josko Klisovic said by phone to Reuters, specifying that the three countries will “soon” sign a pact.

According to Klisovic, the project may be financed by European funds, as it would help the three countries diversifying their supplies. Croatian Deputy Foreign Minister does not exclude a role of private companies.

The Trans Adriatic Pipeline's (TAP) selection by the Shah Deniz Consortium established the long-awaited Southern Corridor Route and gave hopes for a new substantial diversification route in the region.

TAP emerged as the winner in a long race, beating the Nabucco project in June. The decision surprised some experts, as the European Parliament had previously endorsed the Nabucco project.