Albania's Albgaz to be the co-operator of the Trans Adriatic Pipeline

18/04/2017 10:12 Natural Gas


Albania’s Albgaz would receive training for operating the Trans Adriatic Pipeline (TAP) AG's Albanian section from the Greece's DESFA gas grid operator.

The final piece of the $40 billion Southern Gas Corridor, TAP will transport central Asian gas into Europe by 2020 through Greece and Albania to Italy's Apulia southern region.


Greece's DESFA gas grid operator will assure the necessary training and expertise to the Albania’s Albgaz stuff.


Albania and TAP AG also decided that TAP would double its investment for the areas the pipeline traverses to 14 million euros and Albania might renegotiate the profit tax every 10 years. The tax however cannot be increased by over 20 percent.

UK prepares a scheme for domestic nuclear safeguards

18/09/2017 17:01:00

As UK is preparing to exit European Union, it has planned a domestic nuclear safeguards regime, proving its responsibility of a nuclear state. The withdrawal from Euratom will not lead to poorer safeguards standards and oversight in the nation, as announced by the UK secretary of state for Business, Energy and Industrial Strategy. 


Azerbaijan: The deal to extend oilfield to 2049 signed by BP-led partners and SOCAR

18/09/2017 11:40:00

A deal has been signed between the Azerbaijan government, the State Oil Company of Azerbaijan (SOCAR) and BP-led partners for the Azeri, Chirag, and deepwater Gunashli field (ACG) in the Caspian Sea.


Daily (18.09.2017): British gas contracts dipped on Friday due to weaker energy complex

18/09/2017 10:57:00

Oil prices were firm on Monday and stayed close to multi-month peaks hit late last week as the number of U.S. rigs drilling for new output fell and due to the restart of the refineries after Hurricane Harvey.