TIRANA, Dec. 20 – Azerbaijan’s state-owned oil company, SOCAR, has agreed to start a project on building a gas distribution network in Albania, hoping to turn the country into another user of the Azeri gas, which is mainly transported to western European countries.
Last week Azerbaijani Energy Minister Natig Aliyev, Deputy Foreign Minister Khalaf Khalafov and President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev held a visit to Albania to meet with Albanian Prime Minister Edi Rama, Parliament Speaker Ilir Meta and Energy Minister Damian Gjiknuri. They discussed bilateral relations, especially cooperation on TAP and other regional projects.
A Memorandum of Understanding was signed on cooperation on a master plan on gasifying Albania, which is part of the Trans-Adriatic Pipeline project.
Work on the TAP project will start next year in Albania, bring in about $1 billion in investments.
The Trans-Adriatic Pipeline is a pipeline project to transport natural gas from the Caspian Sea in Azerbaijan, starting from Greece via Albania and the Adriatic Sea to Italy and further to Western Europe.
Azeris sign deal to build gas lines across the country
Change font size:
Recommended Articles
Latest from Business & Economy
Trump’s Tariffs Hit Albanian Exports Hard, Exposing Weakness in U.S.-Albania Economic Ties
Change font size: - + Reset Albanian exports to the United States have plummeted following the imposition of a 10% tariff on goods by President Donald Trump’s administration — part of a
Tirana Emerges as Strategic Hub at FII PRIORITY Europe Summit
Change font size: - + Reset TIRANA, Albania Tirana Times , May 20, — For the first time, Albania hosted the prestigious Future Investment Initiative (FII) Europe Summit, drawing a constellation of
Corridor VIII – the Forgotten Lifeline of the Balkans
Change font size: - + Reset An in-depth investigation into the EU-backed trans-Balkan transport project that remains stalled decades after its launch. Over two decades ago, European planners and Balkan leaders laid
Albania’s Food Safety Scandal Highlights Rule of Law Deficiencies Amid EU Accession Talks
Change font size: - + Reset A recent scandal involving 10 tons of pesticide-laden mandarins distributed across Albania has once again exposed the country’s weak enforcement of food safety regulations and broader
Albania signs €1bn deal with Italy and UAE on renewable energy, new undersea connection
Change font size: - + Reset TIRANA, Jan. 16, 2025 – Albania, Italy and the United Arab Emirates have signed a trilateral agreement to develop renewable energy infrastructure, marking a €1 billion