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.

French group Veolia inks 886 mln euros Mexico City deal

22/05/2017 13:46:00

French utility Veolia has inked an agreement with Mexico City estimated at 886 million euros ($991 million) to run a waste incinerator whose heat will be used by the city's subway system, as stated by Veolia on Monday.


Daily (22.05.2017): Oil prices posted a 5% weekly gain on Friday

22/05/2017 11:10:00

Oil futures rose on Friday to the highest level in nearly a month on growing optimism that big producing countries will extend output reductions to curb a persistent glut in crude.


PGE decides to acquire EDF's Polish power plants for $1.2 billion

22/05/2017 10:50:00

Poland's biggest electricity producer PGE has decided to purchase French group EDF's local power and heating plants for 4.51 billion zlotys ($1.2 billion) counting debt, in a move to raise market share and give the state more control over the country's energy assets.