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

Azerbaijan's SOCAR seeks company to check feasibility of Albania gas project Mon Mar 9, 2015

AEI Updates March 2015Posted by Adv. Lorenc Gordani, PhD Sun, March 15, 2015 11:16:44

Azerbaijan's SOCAR seeks company to check feasibility of Albania gas project

Mon Mar 9, 2015 12:51pm GMT

BAKU, March 9 (Reuters) - Azerbaijan state energy company SOCAR plans to announce a tender to find a company to conduct a feasibility study on Albania's gas infrastructure plan as part of European efforts to reduce dependence on gas from Russia.

Albania and Azerbaijan signed a preliminary agreement in December to cooperate in development of an Albanian gas grid as the Balkan country leads construction of the European section of the project to bring Azeri gas to Europe from the Shah Deniz II field in the Caspian Sea.

The so-called southern corridor will bring gas to Turkey and Greece, as well to Italy via Albania and the Adriatic Sea.

"SOCAR will announce this tender in the next three months," Murad Heydarov, adviser to SOCAR's president, told Reuters.

"We should draft the feasibility study before the end of 2015, and if this project is considered effective, we will start Albania's gasification project in March next year."

Heydarov estimated the project's cost at "several hundred million dollars".

Azeri gas could reach southern Europe by the end of this decade through the proposed Trans Adriatic Pipeline and the Trans Anatolian Pipeline.

These pipelines would carry billions of cubic metres of gas a year from Shah Deniz II, one of the world's largest gas fields, which is being developed by a BP-led consortium. (Reporting by Nailia Bagirova; Writing by Margarita Antidze; Editing by David Goodman)

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