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 could continue as associate member of Euratom after Brexit

14/07/2017 16:16:00

The UK is likely to remain in close association with Euratom, succeeding the events of Brexit, as claimed by Brexit secretary David Davis.


Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08:00

As reported by the International Energy Agency (IEA), global gas is predicted to rise 1.6% every year, for the next five years, with consumption rising to almost 4,000 billion cubic meters (bcm) by 2022.


Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up

14/07/2017 11:26:00

Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.