Southern Gas Interconnection: Why the Federation of Bosnia and Herzegovina’s proposed legal amendments must not be adopted

Briefing    |    2 April 2026

This briefing (in Bosnian) analyses proposed amendments to the Federation of Bosnia and Herzegovina’s Law on the Southern Gas Interconnection, a pipeline project designed to transport gas from Croatia’s Krk gas terminal to Bosnia and Herzegovina.

While these amendments were submitted under an urgent procedure, our analysis indicates they introduce fundamental changes that would breach several existing laws and significantly increase project costs. They would also delegate critical decisions to non-transparent negotiations between the Federation’s government and the proposed investor, American-Adriatic Financial Services (AAFS) – a company represented by close associates of Donald Trump whose ownership remains shielded from the public. Founded as recently as November 2025, AAFS has no experience in the energy or infrastructure sectors, raising serious concerns over potential corruption risks.