News
Race to renewable: five developing countries ditching fossil fuels
Costa Rica Costa Rica is well on its way to becoming the first developing country to have 100% renewable electricity. Thanks to our hydro, wind and geothermal resources, 98% of our power is already renewable according to official data (Spanish website). This year, Costa Rica had 100% renewable power for 94 consecutive days. This achievement […]
Bankers Petroleum, Albania to pick auditor to settle tax spat
Canada’s Bankers Petroleum has agreed with Albania’s national resources watchdog to pick a third-party auditor to resolve a tax dispute over its 2011 spending, the company and Albanian officials said on Monday. Bankers Petroleum has been extracting oil for 11 years in the Patos-Marinza oil field under an output-sharing contract which allows it to recover […]
Albania gasification, interested expressed by SOCAR..
While TAP pipeline construction has started, Albania will become part of the international gas network, paving the need for gasification of the country with a network of special and brand new. This project requires huge investments that lie in years, while the master plan for the gasification is underway and expected to be ready next […]
Approved the law for the natural gas sector that paves the way for TAP
Productive Activities Commission today approved the draft of the natural gas sector, which aims to improve the management of this strategic sector for the Albanian economy. This law also will ensure the development of strategic projects in the gas sector, such as the TAP project, IAP project, etc. During the design phase are taken into […]
Tirex Signs Agreement with Albanian Geological Survey
Tirex Resources Ltd. (Tirex) is pleased to announce that it has signed an agreement with the Albanian Geological Survey (“AGS”) to collaborate in the metallurgical studies of the zinc-rich copper deposit at Koshaj. – Tirex to collaborate with the Albanian Geological Survey at Koshaj – Work to include re-opening underground workings for sampling and metallurgical […]
Petronas Said to Consider Buying Statoil’s Stake in TAP Project
Malaysia’s state-owned energy company is considering acquiring Statoil ASA’s stake in a gas pipeline into Europe from the Caspian basin, two people with knowledge of the matter said. Petroliam Nasional Bhd, also known as Petronas, may buy the Norwegian company’s 20 percent stake in the project, said the people, who asked not to be identified […]
Gas diplomacy in the Balkans…
Natural gas diplomacy in the Balkans is set to intensify, the result of more initiatives put forward by the United States and Russia. In Greece, which has just entered yet another pre-election period, Energy Minister Panagiotis Skourletis met with U.S. Ambassador David Pearce to discuss proposed energy infrastructure projects in the region, namely the Interconnector Greece-Bulgaria (IGB) […]
Europe to Fund Balkan Transport, Energy Projects
Following the Vienna summit, the Western Balkans has been promised 200 million euro in co-financing for 10 transport and energy projects, to improve growth and energy security. After the Western Balkans summit, which took place in Vienna on August 27, it has been announced that European institutions will grant around 200 million euro for 10 transport […]
EU Western Balkans boost energy ties
At the Western Balkans Summit in Vienna, European Commission Vice-President for Energy Union Maroš Šefčovič was expected to look for ways to boost energy infrastructure and connectivity as well as regional cooperation. Non-EU members Albania, Bosnia and Herzegovina, Kosovo, FYROM, Montenegro and Serbia are looking to integrate with the European Union’s energy system. A European […]