Albania outdoor energy storage power supply price

How much gas will Albania consume in 2040?

According to the National Energy Strategy, annual gas consumption should reach 1.5 bcm by 2030 and 1.7 bcm in 2040. The Albania energy market report provides expert analysis of the energy market situation in Albania. The report includes energy updated data and graphs around all the energy sectors in Albania.

Does Albania have a power supply security problem?

Albania is a net importer of electricity; power supply security is a challenge. Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable.

Does Albania have a hydro power plant?

Albania’s domestic generation is almost entirely dependent on hydropower since the country’s only thermal power plant is currently inoperable. The total installed generation capacity has increased over the last few years because of new private investments in hydro power plants and more recently in small solar farms.

Is Albania transposing the European acquis?

Albania is slowly transposing the European acquis, with significant delays in the adoption of new legislation. National power utility KESh dominates power generation, while Bankers Petroleum accounts for most of oil and gas production. The power supply, which is highly dependant on hydropower, fell by 22% in 2022.

What happened to the power supply in 2022?

The power supply, which is highly dependant on hydropower, fell by 22% in 2022. Oil production is limited and decreasing. Electricity prices are much lower than the EU average, while gasoline and diesel prices are close to EU prices.

Does Albgaz own a gas pipeline?

Albgaz owns all gas infrastructures (10 km of operational gas pipelines and 500 km of idled ones). The company was spun off from Albpetrol in 2017 to take over Albpetrol's gas activities and was certified as the gas transmission and distribution system operator.