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Russian aggression against Ukraine, international sanctions against Russia and the urgency of Europe’s independence from Russian gas are making energy projects a priority in Albania as well.
In this context, says DW, the strategic project for the transformation of Albania into a transit country for gas transit in the Western Balkans, and in Europe, as well as for the diversification of the gas market in the region is coming to life. Overgaz Company, a leader in Bulgaria in the sector of gas, to which the American company Linden Energy bought 50 percent of the shares last year, signed in Tirana earlier this week (16.05) a Memorandum of Understanding with the Albanian state-owned company Albgas.
The memorandum, recalls the powerful German media, is about bilateral cooperation for the implementation of projects that diversify the supply of natural gas in BP and in Europe, including the supply of Overgas Liquefied Gas (LNG) company in the port of Vlora. Official sources told DW that this cooperation has strong support from the US and Albanian governments. The cooperation between the American-Bulgarian company Overgas and the state-owned company Albgas will focus on the realization of a new LNG passage corridor from the port of Vlora to BP and Europe. of a new floating terminal for the import of LNG, its storage and regasification, which will enable the gas supply of the existing TPP in Vlora. Through a new pipeline, Vlore-Fier, which will be built, it will be possible to transport quantities of gas to the Trans-Adriatic Pipeline (TAP), which has a role in the EU energy security and its independence from Russian gas.
Lying at 878 km, TAP starts on the border between Turkey and Greece, crosses Northern Greece, passes through Albania and through the Adriatic Sea enters the south of Italy, where it is connected to the Italian gas network. Since November 2020, when TAP became operational, TAP has been transporting 10 billion cubic meters of gas a year from Azerbaijan to Europe. The American-Bulgarian company Overgas will be supplied with LNG from the floating terminal in the Gulf of Vlora and through the Vlora-Fier pipeline and TAP will transport it to the Western Balkans, thus reducing the region’s dependence on Russian gas.
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