Albania to benefit extra €80 mln from revised deal with TAP

TIRANA, Dec. 21 – Albania has finalized contract renegotiations with the Trans Adriatic Pipeline consortium with a new deal that will increase the country’s financial benefits by another €80 million, energy minister Damian Gjjiknuri said. The renegotiation of the contract came after Albania had complained of smaller financial benefits compared to other countries where TAP crosses through, especially neighboring Greece. “This amended deal gives Albania the opportunity to be now duly treated and rebalance its contractual commitments as one of the pipeline’s host countries by maximizing its benefits to the benefit of local communities in the energy and transport infrastructure,”…