RES accounted for 70 % of national output on Friday - Romania, 21 April 2018  |  Pljevlja coalmine recorded 5.8 million euros profit in 2017 - Montenegro, 21 April 2018  |  Unit 5 at NPP Kozloduy taken offline for annual overhaul - Bulgaria, 21 April 2018  |  Half of Turkey’s energy produced from local resources - Turkey, 20 April 2018  |  Suez to start the construction of waste-to-energy facility in 2018 - Serbia, 20 April 2018  |  World Bank to support restructuring of EPS - Serbia, 20 April 2018  |  ANRE will recalculate electricity distribution tariffs - Romania, 20 April 2018  |  Competition Council did not open an investigation into green certificates market - Romania, 20 April 2018  |  Fondul Proprietatea sold its stake in Conpet - Romania, 20 April 2018  |  Wind farm Krnovo produced 16,108 MW of electricity in February - Montenegro, 20 April 2018  |  PPC union announced strikes, not electricity supply interruptions expected - Greece, 20 April 2018  |  Snam-led consortium selected as preferred DESFA investor - Greece, 20 April 2018  |  HEP plans investments in RES, hydropower and gas-fired cogeneration - Croatia, 20 April 2018  |  INA’s future CEO intends to close Sisak refinery - Croatia, 20 April 2018  |  Director of LNG Hrvatska dismissed - Croatia, 20 April 2018  |  NEK achieved positive financial results in 2017 - Bulgaria, 20 April 2018  |  Mini Maritsa East to invest 43.5 million euros in new excavators - Bulgaria, 20 April 2018  |  ERS Management Board resigned - Bosnia and Herzegovina, 20 April 2018  |  Romania and Bulgaria among least energy imports dependent countries in EU - Region, 20 April 2018  |  Fintel Energija submitted an application for listing on the Belgrade Stock Exchange - Serbia, 19 April 2018

Albania, 14.06. TAP to boost country’s geostrategic importance

Country Manager of TAP AG, a company in charge of the construction and operation of Trans-Adriatic gas pipeline (TAP), in Albania Shkelqim Bozgo said in an interview that TAP is very important project for Europe, but its is quite much important for Albania since it is the first time that the country is included in the European gas map, thus increasing the regional and geostrategic importance of the country and contributing to commercial and physical integration of Albania in Europe. He also reiterated that the investments in Albania as part of the implementation of TAP project will amount to 1.5 billion euros.
Apart from the positive impact on Albanian economy, TAP project plays a very important role in improving the living conditions, mainly in communities along and near the pipeline route. The presence and the opportunity to access TAP gas has formed the concrete basis for the development of the network infrastructure and domestic gas market, contributing significantly to country’s energy balance and the entire domestic energy market. Bozgo explained that once TAP becomes operational in 2020, any interested party that is ready to buy or sell gas will make these transactions through TAP’s infrastructure.

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