Energy & Natural Resourses

 

Albania has significant renewable energy resource potential from hydro, wind, and solar energy. The country currently relies on hydropower for almost all of its electricity, which creates difficulties when water flows are low. The Government of Albania recently adopted new electricity market laws and is undergoing a process of opening that market to competition. An attractive feed-in tariff is already in place for small hydropower, but the Government is still in the process of determining the incentive mechanism for encouraging more near-term investment in renewable energy technologies. Several very large and high-profile wind-farms deals are under development and should provide political pressure to speed the government decision process. The potential areas for follow-on activities to support the expanded use of RES in Albania include support mechanisms and administrative issues. The support mechanism that probably will be chosen by Albanian authorities (green certificates) needs to be developed such that certificates generated in the Albania national market can be sold and traded with the other European countries, especially given the new Italian wind-farm deal. Currently only hydropower makes a significant contribution to the current energy consumption in Albania. However, the country has significant potential for renewable resources in the form of wind, solar and biomass.

Tuesday, 23 April 2013 16:06
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Historical Overview

Albania is an oil and gas bearing country. It is almost one century that Albania is producing significant petroleum quantities. Albania has the favourable geological and geochemical conditions for the discovery of new fields, providing exploration and commercial opportunities for oil and gas companies. Petroleum operations in Albania started early 1800 when the first geological surveys have taken place. Later, early 1900 petroleum operations were intensified and a lot of oil and gas fields were discovered. The cooperation with international petroleum industry has started around 1990, when some concessions were granted by Albanian government to the most known petroleum companies of the time. After 1990 several licensing rounds were organized and a number of petroleum agreements with foreign companies were approved. Petroleum operations carried on during these times produced also a great number of data that are used for evaluation and planning of the current petroleum operations.

The development of the natural gas sector in Albania is one of the priorities set out in the National Strategy of Energy. Albania is not connected to the international gas networks. Under these actual conditions, the supply of Albania with gas is foreseen to be achieved through international gas networks.

The natural gas reserves in Albania are not yet fully exploited due to the absence of the infrastructure and investments in the sector, and the State is willing and looking to co­operate with foreign investors for the development of the natural gas sector.

The Albanian natural gas market is influenced by international treaties and all the agreements in this sector have to comply with the requirements of these treaties or other international agreements. Albania is a party of the Energy Community and has signed the Athens Treaty on 25 October 2005 (ratified by the Albanian Parliament with Law No.9501, dated 3 April 2006).

Tuesday, 23 April 2013 17:14
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GREEK LAW DIGEST REPUBLIC OF ALBANIA MINISTRY OF INTEGRATION Union of Chambers of Commerce and Industry of Albania
Nomiki Bibliothiki ALBANIA INVESTMENT DEVELOPMENT AGENCY Foreign Investors Association of Albania
     

 

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