Tag Archives: Albania

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Energy transition and future challenges for a liberalised and integrated electrical market: the case of Albania

On February 20th 2019, the second phase of the KEP / CEI technical assistance program “Central European Initiative Support for Strengthening Energy Regulatory Authorities in the Western Balkans” will be formally launched, benefiting from the financial support of the CEI fund, totally financed by the Italian government, through the European Bank for Reconstruction and Development […]

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Energy Community opens dispute settlement procedure against Albania, Bosnia and Herzegovina and Ukraine

The Energy Community Secretariat initiated ex officio preliminary dispute settlement procedures against Albania, Bosnia and Herzegovina and Ukraine for the lack of unbundling of the countries’ electricity distribution system operators.  In its Opening Letters, the Secretariat takes the view that the three Contracting Parties fail to comply with their obligations under the Energy Community Treaty by (completely, partly or incorrectly) not having […]

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Why Albania is THAT important to the Balkans

A couple of weeks ago, Director of IN-VR, Chryssa Tsouraki published an article on Albania’s importance to the Balkans region that went viral: “Albania is far too important for Europe’s energy security to be ignored or even underestimated. Some quick facts about Albania to familiarise yourselves: –  Patos Marinza: The largest oil field in Europe, operated by Bankers […]

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Pennine signs Velca Block PSA, anticipates into Albania’s energy industry.

 “Pennine” is pleased to announce that it has signed a Production Sharing Agreement (“PSA”) with Albpetrol Sh.A (“Albpetrol”) for the exploration and development of the Velca Block in Albania. The finalized PSA contains a license agreement signed by Pennine, Albania’s Ministry of Energy and Industry, and Albpetrol, the country’s state-owned energy firm, for a six(6)-year […]

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