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oilmonster
Natural Gas January 27, 2025 06:00:10 AM

Bosnia to Build New Gas Pipeline to Reduce Reliance on Russian Supplies

Anil
Mathews
OilMonster Author
It should be mentioned that during the past few years, the project has been plagued by political deadlocks.
Bosnia to Build New Gas Pipeline to Reduce Reliance on Russian Supplies

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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