ECONOMY

Zagreb, Budapest and Kiev to link up to TAP

Croatia, Hungary and Ukraine agreed on Wednesday to expand their existing pipelines to create a corridor that will carry natural gas through the three countries and connect to the planned Trans-Adriatic Pipeline (TAP) in Europe’s south.

In Croatia, the corridor would connect to a planned liquefied natural gas terminal on the island of Krk, as well as to the planned link to the TAP pipe in the south, Croatian Deputy Foreign Minister Josko Klisovic said by phone from Zagreb.

The TAP, being developed by Statoil ASA, Germany’s EON SE and Switzerland’s Axpo, will ship 10 billion cubic meters of Azeri gas a year to Italy from Turkey’s European Union border, via Greece and Albania.

[Bloomberg]