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.

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 Delays Onshore Oil Blocks Offer by a Month by Reuters|Monday, June 08, 2015

AEI Updates June 2015Posted by Adv. Lorenc Gordani, PhD Sat, June 13, 2015 18:40:16
Albania Delays Onshore Oil Blocks Offer by a Month

by Reuters | Monday, June 08, 2015

TIRANA, June 8 (Reuters) - Albania delayed by a month to mid-July the bidding for companies keen to explore for oil and gas on five onshore blocks and indefinitely for two offshore blocks, officials said on Monday.
A week before offers for the onshore bids was due on June 15, Energy Minister Damian Gjiknuri ordered the bidding date be postponed for another month to give companies more time. "What can you do when the second or third biggest oil company in the world asks you for more time," a senior official at the Energy Ministry told Reuters when asked about the delay.The move is also set against friction between Albania and Greece after Albania's top court repealed a 2009 agreement to divide their continental shelf. Part of one of the offshore blocks, the Ionian 5, offered by Albania three weeks ago overlaps with the area of the Ionian Sea near Corfu in which Greece also wants to let companies drill.
With both hard-up countries now determined to search for oil offshore, the sovereign rights on the seabed and subsoil risk delaying the process until their dispute over rights to the waters in the Ionian Sea is resolved. Neither of the big oil players that rushed to Albania soon after it toppled communism in 1990 have struck it rich, but a promising initial finds by a venture of Shell and Petromanas have whipped up interest.
Now bidders have until July 15 to express their interest for blocks 4, 3, Dumre, C and 4 onshore. "The deadline for the handover of the applications for the sea blocks, due to the consolidation of the seismic data, will be postponed for another deadline," Gjiknuri said. (Reporting By Benet Koleka, Editing by William Hardy)

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