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Croatia, Bosnia Sign Pipeline Deal to Reduce Dependency on Russia
The pipeline could cost up to $1.5 billion and is intended to reduce Bosnia's reliance on Russian gas, officials said.
- On Tuesday, Croatian Prime Minister Andrej Plenkovic and Bosnian Prime Minister Borjana Kristo signed the Southern Interconnection Agreement in Dubrovnik during a Three Seas Initiative summit, aiming to reduce Sarajevo's reliance on Russian gas.
- Bosnia currently imports nearly all its gas from Russia via the TurkStream route through Serbia and Bulgaria; the pipeline will connect Bosnia to the European gas network, specifically the liquefied natural gas terminal on Croatia's island of Krk.
- The $1.5 billion project will build gas-fired power plants to reduce coal-based electricity production, with AAFS Infrastructure and Energy, led by Jesse Binnall and Joseph Flynn, serving as the developer and investor.
- While Kristo hailed the deal as a "major step forward," the European Union warned Bosnia to "carefully consider its obligations" when signing energy contracts as a membership candidate.
- Separately, investment group Pantheon Atlas LLC announced plans for a $58 billion hyperscale AI data center in Croatia, while Under Secretary of State for Political Affairs Allison Hooker emphasized U.S. support to "reduce energy dependency on Russia.
32 Articles
32 Articles
Croatian Prime Minister Andrej Plenković and the Chairperson of the Council of Ministers of Bosnia and Herzegovina Borjana Krišto signed an agreement in Dubrovnik on the Southern Gas Connection, which will connect the two countries. Bosnia and Herzegovina is currently completely dependent on Russian gas.
Countries have signed an agreement to build a new gas pipeline.
Bosnia and Croatia Sign Gas Pipeline Deal
Tuesday, April 28th saw Croatia and Bosnia and Herzegovina sign an agreement to build a major cross-border gas pipeline aimed at strengthening energy security and reducing Sarajevo’s reliance on Russian supplies. The project, known as the Southern Interconnection, will link Bosnia to the European gas network via Croatia, including access to the liquefied natural gas terminal on the island of Krk, which imports significant volumes of U.S. gas. B…
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