SARAJEVO, Bosnia (October 7,2008) - Four gas distributors in the region have agreed recently to form a joint research company that will be the beginning of the process of connecting national distribution networks in the southeastern Europe and developing a new network of gas pipelines, BH Gas has announced.
The agreement was reached in Budapest recently, on the Nets transmission initiative by Hungarian Mol. Each of the countries involved will contribute 1 million Euros to the joint venture.
Within two years, the new organization should produce a study about the network routes and new regional infrastructural projects. The headquarters have not been specified yet, but Croatia and Romania are candidates.
Bosnia is an observing member for now, with an ambition to become a full member of the Nets project. The country has submitted two project initiatives in Budapest.