AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Fri, July 24, 2015 11:56:48
ministry of energy and industry and the Italian government represented by the
Italian ambassador to Tirana Massimo Gaiani signed on Thursday a 16.5 million euro
(about 18.2 million U.S. dollars) agreement on behalf of a “Memorandum of
Cooperation” for the energy sector.
comes as the last part of this memorandum reached between the two governments
was signed by Albanian minister of energy and industry Damian Gjiknuri and the Italian
ambassador to Tirana, Massimo Gaiani while present in the ceremony were also
the chairmen of Albanian Transmission System Operator (OST) and Albanian Operator
of Electricity Distribution (OSHEE).
will be invested in the transmission and distribution system of the electrical
energy while it aims the increase of efficiency in this sector and conclusion
within the deadline of the new dispatcher center of OST.
minister of energy and industry stressed the importance of the support from the
Italian government in the implementation of several projects in the electrical
energy sector in the country.
will invest in Himara and Saranda cities in the transmission and distribution
systems, in order to improve the network in these touristic areas,” the
minister was quoted by Albanian daily news as saying.
his part, Gaiani declared that “With this grant we enclose projects which we
started several years ago, at a total worth of 93 million euros.”
grant will empower the energy potential in Albanian southern areas and will
expand the data control system in all substations 110 KV.
two projects will make the electrical energy system more reliable and
integrated with the European one,” the Italian ambassador said.
added that this financing represents the completion of the technical aspects
for the projects that will be realized by Italian embassy, ministry of energy
and industry, OST and OSHEE. (1 euro = 1.10 U.S. dollars)
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Thu, July 23, 2015 21:09:46
La société d'électricité HEP et l’opérateur du système de transport de gaz de la Croatie Plinacro ont invité mardi les investisseurs à exprimer leur intérêt dans la construction d'un terminal de gaz naturel liquéfié (GNL) dans le nord de l'Adriatique, une partie de l'effort du pays pour l'indépendance énergétique.
Avec une capacité nominale de 6 milliards de mètres cubes. Le projet a maintenant une importance accrue suite à l'annulation du projet South Stream, étant ainsi part des plus larges efforts de l'Europe de réduire sa dépendance des approvisionnements énergétiques russes. HEP et Plinacro, dans une coentreprise appelée LNG Croatia, a déclaré que les investisseurs potentiels devraient présenter leurs lettres d'intérêt pour participer au projet dès que possible. La date limite pour soumettre les propositions d'investissement est le 15 décembre. Le terminal nécessiterait un investissement d'environ 600 millions d'euros (653 million de dollars).
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Thu, July 23, 2015 17:05:29
A venture between Royal Dutch Shell (RDSa.L) and Canada's Petromanas (PMI.V) has applied to drill two onshore blocks in central Albania close to another promising well they are drilling further south, an official told Reuters on Thursday.
The official said three bids had been submitted for the blocks - from Shell Upstream Albania B.V with Petromanas Albania GmbH, Israel's Delek Group Limited (DLEKG.TA) and Interland Investments SA.
The National Resources Agency has forwarded the bids to the Energy Ministry, which will pick a winner and instruct the agency to start negotiations.
Shell's bid signals renewed interest in Albania, a NATO nation seeking to join the European Union, after many oil majors failed to strike oil there in the decade after it toppled communism in 1990.
The Shell-Petromanas venture in Albania is now drilling two wells to size up the output potential after very promising initial results at their Shpirag well, half a mile from the spot where Occidental found very little oil in 2001 and quit.
(Reporting by Benet Koleka; editing by Zoran Radosavljevic and Jason Neely)
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Wed, July 22, 2015 09:21:22
The European Network of Transmission System Operators
for Gas (ENTSOG), in cooperation with Gas Infrastructure Europe (GIE), has published the fifth
edition of the map illustrating the development of gas supply, demand and infrastructure over
2014 and the first quarter of 2015.
The layout improvements implemented in the last edition have been welcomed. Keeping the
same format this new edition makes the analysis of the evolution of demand, supply and
infrastructure easier for the readers.
Vittorio Musazzi, ENTSOG General Manager, said, “This fifth edition of the System Development
Map continues with ENTSOG effort to provide information on the physical aspects of the
European gas market in a transparent and user-friendly way.”
Thierry Deschuyteneer, GIE Executive Secretary, said: “Infrastructure operators are committed
to offer useful information to stakeholders and the new System Development Map is a good
example of this. Over the last years it has become a reference.”
ENTSOG and GIE are committed to further enhancing the information provided on the map in
the future and welcome feedback from stakeholders.
The map is available for download at ENTSOG website GIE website.
Should you require any further information please contact Celine Heidrecheid (+32 2 894 5130,
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Tue, July 21, 2015 22:01:34
Statoil ASA, an integrated oil and gas company, intends to sell its 20% interest in Trans Adriatic Pipeline AG (TAP), a company that holds the Trans Adriatic gas pipeline project, according to the president of The State Oil Company of Azerbaijan Republic (SOCAR).
According to the sources, the transaction is estimated to be valued at approximately €400 million (MM) (US$433.11 MM). Trans Adriatic Pipeline has 870 km in length which will connect with the Trans Anatolian Pipeline near the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.
Currently, the partners in the TAP are BP p.l.c. (20%), SOCAR (20%), Statoil (20%), Fluxys SA(19%), Enagas, S.A. (16%) and Axpo Holding AG (5%). Rovnag Abdullayev, president of SOCAR, said, "Statoil has decided to leave the TAP project completely, and there is a company which is ready to buy its stake. Several companies have expressed an interest in buying Statoil's stake, and it would be better if several companies would buy it.”
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Tue, July 21, 2015 16:50:55
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded by TAP(1) a Project Management Consultancy (PMC) Services contract, for a project designed to transport gas from the Shah Deniz field to the European market.
TAP project scope includes an approximately 870 kilometer long pipeline, which will start from the tie-in with the TANAP(2) portion of the Southern Gas Corridor project, at the Greece/Turkey border. The pipeline will then go through Greece and Albania, to eventually cross subsea the Adriatic Sea to end in Puglia, Italy, where it will connect to the Italian natural gas network.
The project aims at enhancing security of supply as well as diversifying gas resources in the European market. TAP will open a new route for natural gas from the Caspian Sea region. It is designed to transport 10 BCM/y(3) with a potential future expansion to 20 BCM/y, as more gas becomes available.
The PMC contract awarded to Technip will cover the onshore portion of the pipeline from Greece to Albania and in Italy. The services will include the overall project and site management, procurement and subcontracting for all the EPC packages throughout the engineering, procurement and construction phases, as well as warranty management and the project close-out. The project completion is scheduled for the first quarter of 2020.
The services will be mainly performed at TAP’s headquarters in Baar, Switzerland, and Technip’s office in Rome, Italy. Other project centres will be operating in Greece, Albania and Italy.
Riccardo Moizo, Senior Vice President of Technip PMC, stated: “This contract is an important milestone for Technip PMC. With this award, Technip will be able to reaffirm its strong project management capabilities, through the execution of a very prestigious project.”
Marco Villa, President of Technip Region B(4), commented: “We are excited to have been awarded this important project by TAP. This contract reflects TAP’s trust in our capabilities in delivering a key project for them.”
Technip will leverage its world class expertise and high performance standards in project management of complex international projects to help TAP to deliver its project successfully.
(1)TAP is a joint-venture between BP (20%), SOCAR (20%), Statoil (20%), Fluxys (19%), Enagás (16%) and Axpo (5%)
(2)Trans-Anatolian Gas Pipeline
(3)BCM/y: billion cubic meter per year
(4)Technip Region B is composed of Italy, Greece, Eastern Europe/Russia, South America, Canada Onshore and Middle East Onshore-Offshore.
About Technip PMC:
- Technip PMC is an organization with a management team dedicated and focused on the provision of PMC services to deliver projects worldwide.
- It helps clients to achieve their investment objectives and deliver their projects, by offering Project Management Consultancy (PMC) services from the definition to the operational phases.
- Technip is a project management specialist, having carried out some of the world’s most complex EPC projects. From the technology and licensor selection phase to the management of multinational consortia in the execution and successful delivery of world-scale, lump-sum turnkey projects, Technip has not only developed efficient processes, procedures and tools, but also operational and effective project management skills at all levels.
More information here:
- Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Mon, July 20, 2015 17:17:10
Romania’s energy sector requires about EUR 30 billion investments in the next 15 years, and most of them should come from the private sector, said Catalin Pauna, World Bank economist in Romania.
“Energy is an extremely important sector in Romania, with a big contribution to the GDP. It’s a sector which requires important investments,” said Pauna, cited by local Agerpres.
The legal framework should be adequate, in order to attract direct investments. The local power exchange platform OPCOM is one of the most transparent in the EU, Pauna said.
“I’ve seen the consolidation of the energy bourse OPCOM in Bucharest. I’ve seen increasing volumes of electricity traded on the exchange. The wholesale prices have dropped significantly in the last 2-3 years,” the World Bank representative added.
Many investors have complained about the several changes in Romania’s legal framework on renewable energy, arguing that the state didn’t create predictable laws, Romania Insider reported.
AEI Updates July 2015Posted by Adv. Lorenc Gordani, PhD Sat, July 18, 2015 12:19:04
The Trans Adriatic Pipeline (TAP)
will transport natural gas from the Turkish-Greek border through South Eastern
Europe to its tie-in point near Lecce in Italy. In regard, the Oxford Economics
has estimate in a report called ”Economic Impact of the Trans Adriatic Pipeline
on Albania” the economic impact of the proposed investment of the TAP on the
Headline results are presented for
three key metrics (contribution to GDP, headcount employment (including both
part-time and full-time jobs) and tax revenue raised) and three channels of
impact (direct activity by TAP AG, indirect activity stimulated by supply chain
purchases, and activity induced by the spending of employees). Together with
these data, provide a robust assessment of the economic impact of the planned
development of the TAP on the Albanian economy, during both the construction
and operational phases.
show that the direct impact of the construction phase of the project is likely
to peak in 2017 when it will make an estimated value added contribution to GDP
of €57 million and create 4,200 jobs (part-time and full-time). Further
benefits will then accrue via domestic supply chain purchases of firms, which
have been outsourced work directly by TAP AG. In regard it is expect that the
indirect impact will peak in 2017, generating an estimated €39 million in GDP,
activity that will support 4,400 jobs (part-time and full-time).
figures rise to €110 million and 3,100 jobs (part-time and full-time) per year
over the total construction horizon. In addition, the spending of direct and
indirect employees will create economic benefits elsewhere. In total, it is estimate
that this channel will generate an estimated further €106 million in GDP and
3,900 jobs (part-time and full-time) per year between 2015-18.
On top of
this the project will generate persistent operational benefits. Over the 50-year
operating horizon, we estimate that these will amount to a €740 million total
contribution to GDP with this activity supporting 450 jobs (part-time and
fulltime) per year on average. Therefore, in its own right, the project will
generate significant benefits for the Albanian economy.
this report has also drawn attention to a number of possible “spillover”
effects which, although impossible to quantify with the same precision, are
likely to be even more significant. These include the value of associated road
infrastructure investment, knowledge and technology spillovers to local firms,
CSR initiatives undertaken by TAP AG and increased availability of natural gas
to help meet the expected future increase in energy demand.