50.24$US/1 Barrel
64.87$US/1 Barrel
60.27$US/1 Barrel
80.49$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
72.22$US/1 Barrel
72.12$US/1 Barrel
74.22$US/1 Barrel
56.56$US/1 Barrel
62.85$US/1 Barrel
55.28$US/1 Barrel
67.85$US/1 Barrel
65.92$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
60.00$US/1 Barrel
65.00$US/1 Barrel
66.50$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
502.75$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
814.75$US/MT
SEATTLE (Oil Monster): In order to guarantee its energy security and lessen its reliance on Russian gas supplies, Bosnia and Herzegovina announced intentions to expedite the construction of a new pipeline.
The 217-mile pipeline's Bosnian section will connect Posušje, Mostar, and Novi Travnik. The project is expected to cost approximately $108 million, according to preliminary estimates. Recent estimates, however, put the overall cost at more than $216 million. The pipeline project is anticipated to be completed in nearly ten years.
By importing American liquefied natural gas (LNG) from a terminal on the Croatian island of Krk, the Southern Interconnection natural gas pipeline project aims to diversify gas routes and supplies. It will also assist the nation in gaining access to Caspian gas resources. When finished, it would be Bosnia and Croatia's first gas pipeline interconnector.
Bosnia has been dependent on Russian gas supplies through TurkStream. Although natural gas accounts for only less than 3% of the country’s overall energy mix, it plays a key role in powering factories and heating plants around the capital city of Sarajevo.
A law that aims to address some of the obstacles impeding the pipeline project's completion was recently approved by the Bosnian House of Peoples. It should be mentioned that during the past few years, the project has been plagued by political deadlocks.
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