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

Statoil ASA: Rumored To Sell 20% Interest In Trans Adriatic Pipeline, 07/21/2015

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.”

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