By JASMINA KUZMANOVIC
ZAGREB (Bloomberg) -- Croatia, Hungary and
Ukraine agreed 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 in Europes south.
The new infrastructure will enable us to send gas to
eastern European markets, Croatian Deputy Foreign
Minister Josko Klisovic said by phone in Zagreb, adding the
countries prime ministers are ready to sign a pact
By diversifying gas supplies, the corridor will increase the
security of energy supplies in the region and help curb
Europes reliance on Russian gas after pricing disputes
with Ukraine disrupted shipments to European Union
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, Klisovic
said. The TAP, being developed by Statoil, EON and Axpo, will
ship 10 Bcmpy of Azeri gas to Italy from Turkeys EU
border, via Greece and Albania.
The project may be financed by EU funds
and interested companies, Klisovic said, adding it was too soon
to discuss the cost.