EU & WBs / Albania Energy Investment Updates

EU & WBs / Albania Energy Investment Updates

Presentation of Albanian Centre for Energy Regulation and Conservation - ACERC

ACERC is a think tank centre with focus on the Albania energy market and its integration in the regional IEM. The Acerc mission base on the in-depth knowledge of EU and regional energy law and policy and strives to provide a qualified contribution to the promotion of the liberalization and effective integration as well as efficient use of energy resources.

Acerc
main activities briefly consists in build-up collaborations and supports to market players in study researches such as the certificate reports, articles and periodicals. The transfer of high expertise through building-up institutional capacities by national and regional training courses, seminars and conferences. The institutional representation and integration within framework of the forum of Albanian School of Regulation.

For more visit us at the Official Website of Acerc | Albanian Energy Market - AEM Group in LinkedIn

Albania DSO: Open Tender for Purchasing of Electrical Energy for Period 01.11.2015– 30.11.2015 (In Albanian)

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Sun, October 25, 2015 12:33:56

Informacion “Mbi Blerjen e Energjisë Elektrike për Periudhën 01.11.2015 – 30.11.2015”

Në baze te Vendimit te Keshillit te Ministrave Nr. 338 date 19.03.2008 ”Per miratimin e Modelit te Tregut te Energjise Elektrike” (i ndryshuar), si dhe Vendimit Nr. 130 date 03.12.2014 te Entit Rregullator te Energjise mbi “Procedurat per blerjen e energjise elektrike per mbulimin e humbjeve ne sistemin e shperndarjes nga operatori i shperndarjes se energjise elektrike sh.a (OSHEE Sh.a) dhe “Rregullat dhe proçedurat e blerjes nga KESH sh.a. te energjise elektrike”, miratuar me vendimin Nr.30, date 23.03.2011, te Bordit te Komisionereve te ERE-s, komisioni i Blerjes së energjisë elektrike, ne zbatim te urdherit Nr. 19328 prot. date 23.10.2015 te Administratorit te OSHEE sha, Z. Adrian Çela me subjekt “Per krijimin e Komisionit te Blerjes se energjise elektrike per mbulimin e humbjeve ne sistemin e shperndarjes per periudhen 01.11.2015 – 30.11.2015”, komisioni do te zhvilloje procedurën e blerjes së energjisë elektrike duke ftuar të marrin pjesë shoqëritë tregtare dhe prodhuese që plotësonin nenin 10 të“Rregullat dhe procedurat e blerjes nga KESH sh.a. së energjisë elektrike, nga tregtarët vendas dhe të huaj” për të paraqitur ofertat e tyre.

Per me shume Kontrata OSHEE Sh.a. dhe Kerkese per oferte



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Bulgaria to Have Working Electricity Exchange Platform in December, 30.09.2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Wed, October 07, 2015 12:35:51

For its liquidity IBEX will rely on the state-owned power plants, namely Kozloduy NPP and Maritsa East 2 TPP, to provide electricity volumes for trading which should cover up to ten percent of the electricity consumption in the market zone via the electricity exchange, or some 300 – 400 MW

AUTHOR: publics.bg

Bulgaria will have an operating power exchange as early as December 8, 2015. Initially it will only include business consumers, with no set date for households to go off the regulated tariffs it emerged during the first of a series of discussions about the energy market liberalization which took place in Sofia on September 29.

Since April of this year the Independent Bulgarian Electricity Exchange (IBEX), a 100% subsidiary of the state-owned Bulgarian Energy Holding (BEH), has been working with Nordpool Spot on forging the exchange platform and the rules related to its use. The wholesale exchange, using the Euphemia algorithm, will first offer a day-ahead trading option to electricity sellers and buyers. Parttaking in the Price Coupling of Regions (PCR) and the Multi-Regional Coupling (MRC) would come at a next stage when intraday trading is established, Konstantin Konstantinov, CEO of IBEX, told journalists.

For its liquidity IBEX will rely on the state-owned power plants, namely Kozloduy NPP and Maritsa East 2 TPP, to provide electricity volumes for trading which should cover up to ten percent of the electricity consumption in the market zone via the electricity exchange, or some 300 – 400 MW. One of the state-owned power plants is expected to join IBEX at a later stage, while tests with Maritsa East 2 would take place in November, Konstantinov explained. State-owned power plants would not be obliged to trade at the exchange all their electricity, but rather respect their obligations to the European Commission which require trading certain quantities at the day-ahead market.

“This would be a good start, one which would allow us to say that we have an actual market price”, Konstantinov stated, adding that the anticipated market coupling with neighboring countries should also add to the liquidity of IBEX.

Nevertheless, IBEX could not yet present a solution to the question of electricity being produced under PPAs or sold at feed-in tariffs. IBEX would await until November, for the proposals of the World Bank which is expected to forge, together with Bulgarian institutions, a model for the full liberalization of the energy sector.

IBEX could also gain in liquidity, if the Bulgarian energy ministry modifies the Energy Act, so that electricity bought by the Electricity System Operator (ESO) and distribution network operators for covering their technical losses, is traded at the exchange.

Another particularity of IBEX is that it would not use a clearing house for payments, citing the practice in a number of European exchanges which also chose not to use this service. Payments would be instead covered by bank guarantees and deposits. IBEX will also count on attractive participation fees in order to allow more participants to join it.

IBEX will also offer paid services to market participants for the REMIT reporting which is expected to start on October 7.

Konstantinov invited all market participants to share their opinions at www.ibex.bg.



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Shell Will Explore for Oil and Gas in the Bulgarian Offshore Block Silistar, 29.09.2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, October 02, 2015 16:42:11

There were no offers from international companies for the other Bulgarian block, “Teres”, even though 5 companies bought the tender documents

AUTHOR: Lyudmila Zlateva

The international oil company Shell will explore for oil and gas in the Bulgarian Black Sea block of “Silistar”, as announced today by the Bulgarian energy minister Ms. Temenujka Petkova. The announcement was made during an official event, organized by the Bulgarian Independent Energy Exchange. According to minister Petkova, Shell has offered a signing bonus of 4.9 million EUR (total investments of 18.6 million EUR) and the contract with the company is expected to be signed by the end of October this year, if the Council of Minister is ready with its decision by then. There were no offers from international companies for the other Bulgarian block, “Teres”, even though 5 companies bought the tender documents.

The tenders for the oil and gas blocks “1-22 Teres” and “1-14 Silistar”, which are located in the continental shelf of the exclusive economic zone of Bulgaria in the Black Sea, started on April 18 this year with an announcement in the official journal of the European Union. The tender was open for companies and joint ventures, who have had at least 150 million EUR revenues for the last three financial years. The offers were evaluated according to the work programs, bonuses, and the environmental investment.



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Albania Foreign Investment: Greece First, Third Italy, Author: Ponte Adriatico (Article in Italian)

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Fri, October 02, 2015 15:39:54
ALBANIA INVESTIMENTI STRANIERI, GRECIA AL PRIMO POSTO, ITALIA AL TERZO

Categoria: Business | Autore: Ponte AdriaticoLa Grecia continua ad essere il primo investitore straniero in Albania: lo rivelano i dati pubblicati dalla Banca centrale d’Albania sulla situazione nel 2014. Nonostante la crisi, gli investimenti delle imprese greche sono cresciuti del 7% rispetto al 2013, per un totale di 1,16 miliardi di euro. La crescita sarebbe dovuta principalmente all’attività delle due società di telefonia mobile, Vodafone e Amc (del gruppo Deutsche Telekom) controllate dalle filiali greche delle due grandi compagnie. Al secondo posto si trova ancora il Canada, con 775 milioni di euro di investimenti, nonostante un calo del 5,3 rispetto al 2013. Le imprese canadesi sono presenti nel settore petrolifero, con la Bankers Petroleum, che gestisce il maggiore giacimento di petrolio in Albania.

L’Italia, anche se è il principale partner commerciale dell’Albania vanta un totale di investimenti di 526 milioni di euro, circa 3,5% in più rispetto al 2013. I maggiori investimenti sono nell’industria manifatturiera, seguiti da quelli nel settore immobiliare ed edile. Con 505 milioni di euro, segue al quarto posto l’Olanda. Il totale degli investimenti olandesi è cresciuto del 30%, grazie alla costruzione di centrali idroelettriche dal gruppo Statcraft. L’Austria invece è scesa al quinto posto, con un calo del 17% degli investimenti, dovuto a quanto pare alla contrazione dell’attività di Raiffeisen Bank, uno dei maggiori istituti di credito in Albania. Gli investimenti austriaci ammontano a 357 milioni di euro.



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SOCAR’s buying stake in DESFA runs smoothly - Greek minister 1 OCTOBER 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Thu, October 01, 2015 23:45:31

Baku, Azerbaijan, Oct. 1

By Maksim Tsurkov – Trend:

The process of acquisition of a 66 percent stake in the Greek DESFA gas operator by SOCAR (State Oil Company of Azerbaijan) runs smoothly, Greek Productive Reconstruction, Energy and Environment Minister Panos Skourletis said, the Greek media reported Oct.1.

Skourletis made the remarks at a meeting with Azerbaijani Ambassador to Greece Rahman Mustafayev, Adviser to the SOCAR President Murad Heydarov and head of SOCAR Energy Greece Anar Mammadov.

Skourletis went on to add that one should expect the concrete results on the sale of DESFA's stake to SOCAR in the coming months.

“This process is developing in a way which would meet the requirements of the European Commission's Directorate-General, and it runs smoothly,” said Skourletis.

In addition, the sides discussed the implementation of the TAP pipeline project during the meeting.

The Greek minister told at the meeting about the overall progress achieved during discussions with the TAP representatives on resolving the issue regarding the gas pipeline route on the Greek territory.

Earlier, SOCAR President Rovnag Abdullayev said that SOCAR is ready for talks with European companies on selling the 16-percent share in Greek DESFA gas transmission system operator.

SOCAR won a tender in December 2013 on the sale of 66-percent share in DESFA for 400 million euros.

The European Commission started an inquiry into the compliance of the deal on acquisition of a stake in DESFA with the EU’s regulations In November 2014. Currently, the deal is being considered by European Commission’s Directorate-General for Competition, and the procedure will last until late 2015.

SOCAR is the sole producer of oil products in Azerbaijan. It has two oil refineries and filling stations in Azerbaijan, Georgia, Ukraine, Romania and Switzerland. The company is the co-owner of the largest Turkish petrochemical complex, Petkim, and other assets in Turkey.

The company is currently carrying out work as part of ensuring the Azerbaijani gas supplies to Europe. Work is underway in this regard within the second stage of development of the Shah Deniz offshore gas and condensate field, and for expansion of the South Caucasus Pipeline.

Moreover, projects are being developed for construction of the Trans Anatolian Natural Gas Pipeline (TANAP) and the Trans Adriatic Pipeline (TAP).

TAP will transport natural gas from the giant ‘Shah Deniz 2’ field in Azerbaijan to Europe.

The approximately 870 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

The pipeline’s construction is expected to start in 2016.

TAP’s initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year.

TAP’s shareholding is comprised of BP (20 percent), SOCAR (20 percent), Statoil (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).



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Decreasing oil prices not to affect SGC project realization 29 SEPTEMBER 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Thu, October 01, 2015 17:00:37

By Aynur Karimova

Decreasing oil prices have affected the participants of the Southern Gas Corridor project, but it will not affect the implementation of this project.

This was announced by Michael Hilmer, the Vice President of the E.ON Global Commodities, at Azerbaijan and the Caspian: Oil and Gas Week - 2015 conference, in Baku on September 29.

He said that choosing the Trans-Adriatic Pipeline project for the supply of Azerbaijani gas to Europe and adoption of the final investment decision on the Shah Deniz-2 project was "a prompt decision".

"This decision has accelerated works on the transportation of Azerbaijani gas to Europe. The current progress of the works makes it possible to say that everything is on the right track," Hilmer noted.

The Southern Gas Corridor, aimed at diversifying energy supply to enhance Europe's energy security, will connect the Trans-Anatolian and Trans-Adriatic pipelines.

At the initial stage, the gas, which will be produced as part of the second stage of development in Azerbaijan's giant Shah Deniz field, will stand as the primary source for the Baku-initiated energy corridor.

As part of Stage 2 of Shah Deniz field's development, gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of both the TANAP and TAP.

TAP is meant to transport gas from the Caspian region via Greece, Albania and the Adriatic Sea to southern Italy and further to Western Europe. The pipeline’s total length is about 870 kilometers.

The construction of the pipeline is expected to start in 2016. TAP’s initial capacity will be 10 billion cubic meters per year, expandable to 20 billion cubic meters per year.

The construction of TAP will not only provide European countries with Azerbaijani gas, but also pave the way for establishing a significant gas pipeline and infrastructure network in the region.

Azerbaijan, reliable EU partner in energy sector

In her remarks, Malena Mard, the head of the EU delegation to Azerbaijan, said that Azerbaijan is a reliable partner of the EU in the energy sector.

"EU and Azerbaijan have broad, diversified relations. And we have strategic partnership in energy," she noted.

"The Southern Gas Corridor is our key common project," Mard said, adding that the implementation of this project is extremely important for the EU.

Mard also noted that the scaling up the Southern Gas Corridor is another important issue for the EU.

She mentioned the declaration on the development of cooperation in the field of energy among Azerbaijan, Turkmenistan, Turkey and EU, which was signed in Ashgabat a few months ago and added that the EU is ready for the multilateral consultations on the Trans Caspian gas pipeline.

She said that the EU is now concentrated on the first phase of the Southern Gas Corridor. "But we have never hidden from anyone that we are interested in possible larger volumes. One possibility is that those larger volumes can even come from Azerbaijan."

"Right now we are following very closely that the Southern Gas Corridor will be indeed implemented,” she said. “This is the largest energy project in the world right now. And we hope to see the first gas come to Europe in 2020."



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Serbia wants to join Southern Gas Corridor 28 SEPTEMBER 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Wed, September 30, 2015 15:54:47

Baku, Azerbaijan, Sept. 28

By Anvar Mammadov - Trend:

Serbia is considering the possibility of joining the Southern Gas Corridor, Shahin Mustafayev, the co-chairman of the commission, the minister of economy and industry, said as part of the fourth meeting of the Azerbaijani-Serbian intergovernmental commission Sept. 28.

"This takes a special place in the version of the protocol to be signed today,” Mustafayev said. “This issue will be additionally considered today during the meetings held in SOCAR (State Oil Company of Azerbaijan) and the Azerbaijani ministry of energy."

“Moreover, the sides are considering the possibility of cooperation in the field of renewable energy,” Mustafayev said.

Serbian Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajić said that the power engineering is one of the main areas of cooperation between Azerbaijan and Serbia.

"We are greatly interested in Azerbaijan to become one of the suppliers of gas to Serbia,” Ljajić said. “In this regard, we plan to hold talks between the Azerbaijani and Serbian companies."

The Southern Gas Corridor is one of the priority energy projects for the EU. It envisages the transportation of gas from the Caspian Sea region to the European countries through Georgia and Turkey.

At the initial stage, the gas to be produced as part of the Stage 2 of development of Azerbaijan’s Shah Deniz field is considered as the main source for the Southern Gas Corridor projects. Other sources can also connect to this project at a later stage.

As part of the Stage 2 of the Shah Deniz development, gas will be exported to Turkey and European markets by expanding the South Caucasus Pipeline and the construction of Trans-Anatolian Natural Gas Pipeline and Trans-Adriatic Pipeline.

Edited by CN



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Azerbaijan, Serbia sign protocol following intergovernmental commission meeting 28 SEPTEMBER 2015

AEI Updates September 2015Posted by Adv. Lorenc Gordani, PhD Tue, September 29, 2015 12:50:22

Baku, Azerbaijan, Sept. 28

By Anvar Mammadov – Trend:

Azerbaijan and Serbia signed a protocol following the fourth meeting of the joint intergovernmental commission on trade and economic cooperation in Baku.

The protocol was signed by the co-chairmen of the commission – Azerbaijani Minister of Economy and Industry Shahin Mustafayev and Serbian Deputy Prime Minister and Minister of Trade, Tourism and Telecommunications Rasim Ljajić.

The protocol envisages the continuation of cooperation in the fields of trade, industry, investments, finance, transport, energy, agriculture, information and communication technologies, health, youth, sports, etc.

"The legal framework [more than 30 documents] established between Azerbaijan and Serbia allows developing relations without any limitations and problems,” Mustafayev said at a meeting. “Our countries already have some achievements in the field of economic cooperation. I would like to stress Azerbaijani investments in the highway construction in Serbia. Azerbaijan allocated a loan for this project implementation. Both sides are pleased with the successful implementation of the project. The Serbian side is willing to continue cooperation in this sphere. The Azerbaijani side is considering this opportunity."

The government of Azerbaijan allocated a loan worth 308 million euros for a period of 25 years with a three-year grace period at an annual rate of four percent per annum for the highway construction in Serbia in 2012. The construction of the highway sections E-763 - Ljig - Boljkovci, Boljkovci-Takovo and Takovo-Prelzhina is being financed at the expense of the loan.



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