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Settling the dispute between CEZ and Albania

Statement by Deputy Director Dirk Buschle: "On behalf of the Energy Community Secretariat and in my personal capacity as mediator of the negotiations between Albania and ČEZ, I highly welcome the Settlement Agreement between both parties…

TAP Confirms Plan Despite E.ON, Total Withdrawal

Trans Adriatic Pipeline (TAP) sent a clear message on Thursday: despite some difficulties, the project will make its way from Turkey to Southern Italy. According to a press release, TAP has issued a contract notice for two compressor…

TAP, construction of compressor stations

Trans Adriatic Pipeline (TAP) is continuing its pre-qualification of potential suppliers for the construction of the 870km-long high pressure natural gas pipeline with its associated infrastructure across Greece, Albania, and Adriatic Sea…

TAP, TANAP; low-risk projects

The Trans-Adriatic (TAP) and Trans-Anatolian (TANAP) gas pipeline projects fall into the low-risk category. The remarks were made by head of Azerbaijan's state energy company SOCAR Rovnag Abdullayev in his recent interview with The Business…

Albanians Row Over Oil Imports from Iran

Former Prime Minister Sali Berisha on Thursday called for a parliamentary inquiry into claims that the centre-left government of Premier Edi Rama has imported oil from Teheran, breaking the UN-imposed embargo. “The government has…

Italy Confirms South Stream Gas Pipeline as Priority

Italy's Deputy Minister for Economic Development Claudio de Vincenti has confirmed the priority status of the South Stream gas pipeline project. Speaking at a press conference on energy security, he noted that Italy was trying to act as…

Albania to auction 13 blocks for oil exploration

Albania plans to auction off 13 oil exploration blocks, including one offshore, to oil majors and other foreign companies after a significant discovery has attracted strong interest, a government minister said. The government previously…

Stream Oil Spuds Delvina Horizontal Well

Stream Oil & Gas Ltd. (TSX-V: SKO) (“Stream” or the “Company”) announces that the first Delvina horizontal well (D34H1) has been spud in the Delvina gas field in Albania. Stream forecasts well production of approximately 5 MMcf/d for…