US Official: Croatia Could Become Regional Energy Hub

Saturday, 12 Jul 2014 07:29 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

DUBROVNIK, Croatia — Croatia can play a vital role in ensuring regional energy security by diversifying supply options for European countries and allowing them to reduce their dependence on Russian gas, U.S. Assistant Secretary of State Victoria Nuland said.

A prolonged price row between Russia and Ukraine has wider energy implications for Europe, which gets a third of its gas needs from Russia, and almost half of these supplies via Ukraine. Central and southeast Europe could face higher gas prices and potential shortages this winter.

Nuland said the price dispute, Moscow's annexation of Crimea and fighting in eastern Ukraine underlined the energy security threat facing Europe.

"Now, more than ever, we have to work to secure Europe's energy security, by ensuring diversity of supply, building up diverse flow capabilities and capacities and building up deeper networks throughout the continent," she said at the Croatia Forum diplomatic conference in Dubrovnik late on Friday.

"Croatia has an essential role to play, as an energy security hub for the 21st century... You (Croatia) have spectacular assets to do that so long you as you make smart choices as you are going forward," Nuland said.

Croatia, which joined the European Union last year, in April published a tender for gas and oil exploration off the Adriatic coast and will next week invite bidders to express interest for on-shore exploration of potential fields in the country's north.

It recently got a location permit that will allow a long-delayed liquefied natural gas terminal project in the northern Adriatic to move ahead.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Polish Opposition Questions Election Results

Sunday, 23 Nov 2014 08:32 AM

Poland's main opposition leader has suggested that local election results were falsified and said he will ask his suppor . . .

Poroshenko Evokes Ghosts of Soviet Famine as Fight Intensifies

Saturday, 22 Nov 2014 17:49 PM

President Petro Poroshenko evoked memories of the 1930s famine that killed as many as 10 million Ukrainians under Soviet . . .

Tens of Thousands March against Abortion in Spain

Saturday, 22 Nov 2014 09:06 AM

Tens of thousands of Spaniards rallied in Madrid on Saturday threatening to punish the government in elections next year . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved