Azerbaijan Particularizes Cooperation With Albania
Date
6/10/2024 10:09:28 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 10. The commenced
increase of Trans-Adriatic Pipeline's (TAP) output power by 1.2
billion cubic meters and the implementation of gasification
projects will make Albania the seventh European country to be
supplied with Azerbaijani gas, Trend reports via Azerbaijan's
Energy Ministry's statement following the first meeting of the
Intergovernmental Commission on Economic Cooperation between the
two countries.
During a meeting with Deputy Prime Minister of Albania-Minister
of Infrastructure and energy Belinda Balluku, the commission's
co-chair, Minister of Energy of Azerbaijan Parviz Shahbazov, said
that from 2026, annual supplies of Azerbaijani gas to Albania are
expected in the amount of about 200 million cubic meters through
the expanded TAP.
An informed source explained that these 200 million cubic meters
per year are intended for a new heating station being built in
Albania near TAP (built by a Greek company).
According to the source, the remaining one billion cubic meters
of gas through the expanded TAP will be transited through Albania
to the EU, and the Azerbaijan Gas Supply Company (gas from the Shah
Deniz field) is responsible for this supply.
The statement said that during TAP construction across Albania,
the country made investments worth 1.5 billion euros, while transit
tax payments will amount to 285 million euros over 25 years, and
social commitments - 14 million euros.
Both ministers discussed in Baku the State Oil Company of
Azerbaijan's assistance in gasifying the Albanian city of Korca, as
well as studying the prospects for using the Albanian gas storage
facility in the city of Dumrea.
"Azerbaijan-Albania relations have risen to a new level based on
active political dialogue and dynamically developing cooperation.
Eight documents are planned to be discussed. In bilateral and
European contexts, energy has been viewed as a strategically
important direction in partnership," the statement pointed out.
Shahbazov added that the COP29 event to be held this year under
the chairmanship of Azerbaijan would once again be another
opportunity for the solidarity of countries supporting each other
in the international arena.
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