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Albania an important energy hub for the Southern Gas Corridor

Topics in this presentation : Existing and planned import pipelines to Europe Natural gas demand on the Balkans is expected to grow by 24.9 bcm/a (+ 68 %) to reach 61.3 bcm/a in 2035 The Balkan Gas Hub/ East and West connects all major gas supply projects The Albania/Balkan region and Europe as a whole […]

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Italian Snam, Albanian Albgaz sign MoU on gas market development

Italian gas infrastructure company Snam and Albania’s gas infrastructure operator Albgaz have recently signed a memorandum of understanding (MoU) to develop collaboration opportunities, said a message published on the Snam website July 31. The MoU is aimed at supporting the start and development of an infrastructure system that will be managed by the Albanian company. […]

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Four western Balkans nations signed a memorandum of understanding with Azerbaijan state Socar on co-operation on building the Ionian Adriatic pipeline (IAP) on the sidelines of a Dubrovnik forum 25-26 August. The declaration of intent to develop the 5bn m³/year line was originally signed in 2007 by Croatia, Montenegro and Albania. The length of the […]

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Socar is running into problems concerning Desfa

Azerbaijan’s state energy company Socar is running into problems concerning its stake in Greece’s natural gas grid operator, Desfa, with the Greek parliament expected to vote imminently for a crucial change concerning the value of Desfa. As a result, Socar is expected to send a delegation of senior officials to hold talks in Athens this […]

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World Bank set to finance criticised mega gas pipeline from Azerbaijan to Europe

SUMMARY World Bank set to fund Azerbaijan and Turkey part of Southern Gas Corridor to Europe Concerns raised over significant risks due to geopolitical context, fossil fuel dependency Defined as “the biggest infrastructure project of our times“ by the European Commission and a priority for the European Union, the Southern Gas Corridor was always going […]

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Maros Sefcovic: Southern Gas Corridor is true diversification project

Sefcovic made the statement at the Greek Energy Forum in Thessaloniki, Greece. As the initiator of the biggest Southern Gas Corridor project, Azerbaijan has become a very important energy player at the regional and global levels, said Maros Sefcovic, vice-president of the European Commission for Energy Union, Trend reports. The vice-president stressed that the EU […]