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

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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