Albania: Updates with Reforms in Oil and Gas Sector
Part of Report: Albania’s Oil and Gas Sector Development
Dr Lorenc Gordani | Sunday, September 27th, 2015
Albania: Updates with Reforms in Oil and Gas Sector
Part of Report: Albania’s Oil and Gas Sector Development
Dr Lorenc Gordani | Sunday, September 27th, 2015
Albania: Updates with Reforms in Oil and Gas Sector
Part of Report: Albania’s Oil and Gas Sector Development
Dr Lorenc Gordani | Sunday, September 27th, 2015
Albania: Updates with Reforms in Oil and Gas Sector
Part of Report: Albania’s Oil and Gas Sector Development
Dr Lorenc Gordani | Sunday, September 27th, 2015
Albania: Updates with Reforms in Oil and Gas Sector
Part of Report: Albania’s Oil and Gas Sector Development
Dr Lorenc Gordani | Sunday, September 27th, 2015
Albania: Updates with Reforms in Oil and Gas Sector
Part of Report: Albania’s Oil and Gas Sector Development
Dr Lorenc Gordani | Sunday, September 27th, 2015

Albania: Updates with Reforms in Oil and Gas Sector 

Part of Report: Albania’s Oil and Gas Sector Developments 

Dr Lorenc Gordani | Sunday, September 27th, 2015

On 8th and 9th September took place in Belgrade the 7th Energy Community Oil Forum. A meeting that see the Serbian Minister of Mining and Energy Aleksandar Antic underline the high level of dependence of the Energy Community region on a limited number of external sources of oil supply and thus the region’s particular vulnerability in case of potential supply disruptions. Then, the emphasized the importance of full transposition and implementation of Directive 2009/119/EC on maintaining minimum stocks of crude oil and petroleum products in the EnC.

Then, as in previous years, the transposition of the Oil Stocks Directive with its 1st January 2023 deadline in the Energy Community was a key focus of the Forum. In regard, the Serbia is currently the most advanced CP, having adopted all the necessary primary and secondary legislation, followed by the former Yugoslav Republic of Macedonia which still has to finalise adoption of secondary legislation. All other Contracting Parties are in various stages of considering the most appropriate stockholding system.

In this regard, in his speech, Mr. Dritan Spahiu, from the Ministry of Energy and Industry of Albania, on behalf of Presidency in Office, provide a recent developments in the energy sector in Albania. In specific, it was brought that from the last July 2015, Albanian government has pass the law for the gas sector that is expect to be approved by the parliament (as made in 30th April for the Electricity sector) in the next two months. Then, it will start immediately the work for drafting the secondary legislation of these two laws, in order to fully transpose the third energy package.

Regarding the infrastructure projects, on July 3rd TAP started officially the construction of the first phase of the project in Albania, while all countries of IAP project have committed to implement this project. Meanwhile, in the petroleum sector, in Albania there are very important developments in licensing new oil blocks. In specific, Shell & Petromanas and Navitas (part of Delek Group) have been awarded the exploration blocks 4 and Dumre respectively and it is expect soon the sign of petroleum agreements.

The deadline for the other 3 blocks is 15 October and is expect a high interest from serious international companies, increasing the production potential of the country. Last year production was about 1.4 million tons with positive trend over the next years. Albania have already started the revision of the current legal framework in the upstream sector and very soon the country will have a modern legal and fiscal package for the business community.

Related to emergency stock matter, Albania has focused its efforts on exploring the various possibilities of how the present emergency stockholding structure could be changed to be an effective system in line with the Oil Stocks Directive 2009/119/EC. The aim is to establish Albania’s new emergency stockholding system, which will meet the objectives of the Directive, both in terms of its own security of oil supply and taking serious step towards EU membership and meeting the 2023 deadline agreed by Energy Community. A draft law has been prepared and Albania is committed to taking a final decision in the very near future.

The country is also evaluating the current structure of the oi market, due to domestic crude oil production, import and export report in order to define a tailor made model for Albania. In regard, the Forum also focused on improving oil statistics in the Energy Community. Following the Secretariat’s efforts, Ukraine, Moldova and the former Yugoslav Republic of Macedonia now participate in the Joint Organisation Data Initiative (JODI) by submitting their monthly oil (and gas) data for publication in the JODI database.

In regard, the Montenegro and Serbia are expected to begin participating in the JODI very soon, with the remaining three Contracting Parties (Albania, Bosnia and Herzegovina and Kosovo) to be ready by the end of 2015. In this direction, Representatives of IEA and Eurostat at the Forum supported the CPs’ participation in the JODI as a first step towards fulfilling the monthly reporting requirement under the Oil Stocks Directive.

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