Albanian government to renegotiate terms on TAP gas pipeline project

Albanian government to renegotiate terms on TAP gas pipeline project
By Valentina Dimitrievska in Skopje April 19, 2016

The Albanian government said on April 18 it has started talks with the aim of renegotiating the agreement on the Trans Atlantic Pipeline (TAP) project to secure similar benefits to those enjoyed by the other countries involved in the project.

The TAP project has become one of the main engines of the country’s economic and social development in Albania. The project’s importance to the economy is already evident, just a few months after the construction of access roads and bridges for the project started. TAP will promote economic development and job creation along the pipeline route and will be a major source of foreign direct investment that it does not depend on grants or subsidies.

Negotiations on the revised agreement are expected to end soon, prime minister Edi Rama was quoted in the government statement on April 18.

He did not specify exactly what benefits Tirana hopes to secure.

TAP is part of the Southern Gas Corridor, which stretches over 3,500 km from Azerbaijan’s giant offshore Shah Deniz II gas field fields to Italy.

The 878 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, passing through Greece and Albania and the Adriatic Sea, before arriving on the shores of southern Italy. Within Albania, the pipeline covers 215 km onshore and 37 km offshore from the border with Greece to the Adriatic coast near Fier.

To date, 56% of the work in the first phase of the construction of access roads and bridges has been completed, Rama said.

It is expected that the construction and rehabilitation of 100 km of roads and 43 bridges to be concluded by the end of 2016 with investments in this part of the project exceeding €60mn.

Meanwhile, stevedoring, logistics and shipping experts from several companies within Germany's EMS-Fehn-Group have started their work on the TAP project, the company said on April 18.

During the project, which is scheduled to continue into 2017, 130,000 tonnes of pipes will be shipped from German port of Brake to the Albanian port of Durres and from there via a storage area to the building site. The first pipes were loaded in Brake on March 21 and arrived in Durres eleven days later.

The third vessel has been unloaded at the terminal of EMS Albanian Port Operator (APO). Staff members from EMS Shipping, and its subsidiaries EMS APO and German Albanian Logistics Agency are actively involved in the project and provide customs clearance, unloading and trucking. A total of 13 shipments of line pipes between 12 and 15 metres long with a diameter of 1.20 metres are planned, EMS-FEHN said.

 

Related Articles

Kosovan PM sceptical about Western Balkans common market

There would be little advantage for Kosovo to join a common market with fellow Western Balkan countries, Prime Minister Isa Mustafa wrote on his Facebook page after EU Commissioner ... more

Effigy of Albanian PM burned at protest

Supporters of Albania’s main opposition Democratic Party (DP) set fire to an effigy of Prime Minister Edi Rama at a protest on March 18, a video of the protest posted on YouTube ... more

US puts Albania, Bosnia and Serbia on blacklist of major money laundering countries

The US department of state has included Albania, Bosnia & Herzegovina and Serbia in its latest list of major ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss