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Banking

Government inaugurates EUR 135mn gas pipelines.

Government inaugurates EUR 135mn gas pipelines. PM Ivo Sanader inaugurated two pipelines, the construction of which cost a total of EUR 135mn. The first, 45km long one runs from oil and gas company INA’s platform Ivana K in the northern Adriatic to the gas terminal in Pula . It was built by INA over a period of six months and cost EUR 45mn. The second one is a 191km long trunk pipeline linking Pula to Karlovac and was built by gas pipeline operator Plinacro for EUR 90mn. Sanader noted that the two projects were part of the government efforts to ensure as much independence of the country from energy imports as possible. The plans are to invest EUR 440mn in gas pipeline construction in next five years.

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