Falcione to build 1 bn euro re-gasification plant in Albania

Tirana, Dec 10 — Italian company Falcione group intends to build a 9 BCM re-gasification plant in Albanian coast and a undersea pipeline to deliver gas to Italy, a project that could cost 1 billion euro, Albanian Minister of Economy Genc Ruli said today in a Press Conference.
According to Mr. Ruli, Falcione have already signed contracts with gas producing countries like Algeria to guarantee supplies.
The project include building a harbor near river Seman in Albanian south coast, a re-gasification plant and a pipeline that will go in the maximum deep of 950 meters under the Adriatic Sea.
Other two companies intends to realize similar projects in the same area. ASG power, a Swiss-US consortium backed by US Exim Bank had worked for such project during the last three years, while another Swiss company, EGL want to build a pipeline linking Greek town of Trikala with Albania and Italy.
Companies accept that such project compete and perhaps only one of them can be feasible.
“We are ready to begin the works for our project in the next spring”, Alban Bala PR of ASG power told to AENews today.
An agreement between Albanian Government and Falcione group was signed on Tuesday in Tirana in the presence of Italian Prime Minister Silvio Berlusconi and Albanian counterpart Sali Berisha.