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

Balkan Countries Sign Gas Pipeline Agreement, NEWS23 APR 15

AEI Updates April 2015Posted by Adv. Lorenc Gordani, PhD Sat, April 25, 2015 22:29:34
NEWS23 APR 15Balkan Countries Sign Gas Pipeline Agreement




Bulgaria, Greece and Romania are planning the construction of a new gas corridor in order to reduce dependence on Russian energy deliveries.

Romania

Bucharest

Energy officials from three Balkan countries on Wednesday signed an agreement on the construction of a gas corridor that will interconnect their natural gas networks and will have a capacity of 3-5 billion cubic meters per year.

The vertical gas corridor, which will require a total investment of about 220 million euro and will be operational by 2018, is to contribute to the diversification of gas supply. Most of the gas will come from Azerbaijan and from Greece’s liquefied natural gas terminals.

“We are finally getting a new source of gas because until now we were totally reliant on one source, Russia,” media reported Bulgaria’s Deputy Energy Minister Zhecho Stankov as saying.

The agreement comes as the European Commission on Wednesday sent a Statement of Objections to Russia's energy giant Gazprom, arguing that its business practices in Central and Eastern European gas markets represented an abuse of its dominant market position and broke EU anti-trust rules.

Romania produces about 11 billion cubic metres of gas a year, covering about 75 per cent of its own annual needs. It imports the rest from Russia.

Bulgaria consumes about 3 billion cubic meters of natural gas, 95 percent of which is imported from Russia, and the majority of that comes through Ukraine which is seen as an unreliable transit country. It has been cut off from Russian supplies twice, in 2006 and 2009.

Both countries have been seeking to diversify its gas supply by building interconnection links with neighbours.



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