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Albanian power supplier to be listed on the stock exchange
The Electricity Distribution Operator will be listed on the Albanian Stock Exchange, enabling citizens to become part of the company through the purchase of shares.
The plan was made known by Prime Minister Edi Rama during the…
Albania, regional leader in terms of energy
Albania is ranked among the leading countries in the world in terms of energy and readiness to shift towards a more sustainable energy.
At least this is what the World Economic Forum writes in its most recent report entitled “Fostering…
Prolonged drought caused a reduction in energy production
The prolonged drought in 2017 has resulted in lowered power production by 36.6% compared to the previous year, affecting significantly the increase in imports and the decline in exports.
According to the Energy Balance, published by the…
TAP reveals financing details
Being a highly strategic energy project for the European Union,the Trans Adriatic Pipeline (TAP)will secure external funding for the project, Lisa Givert, TAP Head of Communications, told Azernews.
She recalled that in early February…
Albanians among first buyers of cryptocurrency Petro
Albanians are among the first buyers of the newest virtual currency in the market, Petro, which is a cryptocurrency that is supported by the oil reserves of Venezuela.
Just a few days ago, President Nicolas Maduro announced the release…
Trans Adriatic Pipeline is 2/3 completed
The Trans Adriatic Pipeline (TAP) is now two thirds completed. This includes all engineering, procurement and construction scope, announced TAP Managing Director Luca Schieppati at the 4th Southern Gas Corridor (SGC) Advisory Council in…
Exclusive: Albgaz part of the new company for IAP project
According to SOCAR, an agreement was reached on 15 February for the establishment of a new company for projection of the Ionian Adriatic Pipeline (IAP), which will be connected to the Southern Gas Corridor (SGC).
SOCAR, Albgaz, as well…
TAP pipes welded along 80% of route in Albania
Pipes for construction of the Trans Adriatic Pipeline (TAP) have been welded along more than 80 percent of the pipeline’s route in Greece and Albania, said a message from TAP AG consortium.
“TAP pipes are welded above ground. All welds…
European Investment Bank approves loan for TAP
The European Investment Bank on Tuesday approved a 1.5 billion euro loan for the Trans-Adriatic Pipeline (TAP), part of a $40 billion project to bring new gas supplies to Europe.
The European Union is trying to reduce its dependence on…
Gov’t proposes to extend 35 year concession contract MBM port
Less than 3 years after the approval of the concession for the port of processing of hydrocarbons in Porto Romano, the Albanian government has proposed an addendum to the BOT concession contract.
Under the terms of the original contract,…