US EditionBosnia Selects US Investor for Gas Link with Croatia to Cut Reliance on ...
The project would let Bosnia import U.S. LNG through Croatia and add gas-fired plants as the country seeks to cut coal use and Russian dependence.
- On Wednesday, the Bosniak-Croat Federation parliament named AAFS Infrastructure and Energy LLC as the lead investor for the Southern Interconnection gas pipeline project, linking Bosnia to Croatia's liquefied natural gas terminal.
- Bosnia relies entirely on Russian gas for domestic heating, accounting for 8% of energy requirements, and faces an energy crisis when the European Union halts imports in 2028, prompting the diversification project.
- Led by Joseph Flynn and Jesse Binnall, the project involves a $1.5 billion investment for the pipeline and around $300 million for airport modernization, with a capacity of three billion cubic metres annually.
- Environmental NGOs and Nina Kresevljakovic, of the Sarajevo-based Aarhus Centre, criticized the deal, citing "serious legal and financial risks" and "no experience in the sector." Kresevljakovic alleged the decision faced "enormous political pressure from the fossil fuel lobby of the US administration."
- Following legislative approval, the Bosniak-Croat Federation government will sign an agreement with AAFS Infrastructure, while a separate accord with Croatia is expected by the end of April.
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Bosnia has given a green Wednesday for an energy project that provides for the construction of a gas pipeline and thermocentres, an investment of over a billion euros of neighbors of the Albe House, transmits AFP, driven by Agerpres. This project of about $1.5 billion (EUR 1.3 billion) is proposed by AAFS Infrastructure...
Newly created company: Bosnia approves gas project by Trump-linked investors
Federal Minister of Energy, Mining and Industry Vedran Lakić, on the occasion of the adoption of the Law on Amendments to the Law on the Gas Pipeline “Southern Interconnection Bosnia and Herzegovina and the Republic of Croatia”, said that this is not just an energy project, but a matter of security and long-term stability of the Federation of BiH. – By adopting the Law in both houses of the Parliament of the Federation of BiH, we have made a key…
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