Enagás is considering taking a stake in an Albanian company
Enagás has signed an agreement with AlbGaz, the Albanian gas system operator, for a potential entry into its shareholding and to study joint projects, the Spanish gas system operator and transporter announced on Tuesday.
The signing of this strategic cooperation agreement, signed by Enagás CEO Arturo Gonzalo Aizpiri and AlbGaz CEO Arber Avrami, took place in the Albanian capital, Tirana.
In the agreement, Enagás shows its interest in analysing a potential shareholding in AlbGaz and in studying joint projects, within the framework of Albanian and European regulations, and in accordance with the guidelines of the Albanian government, whose Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, presided over the signing ceremony.
The agreement also provides for the evaluation of Enagás’ participation in natural gas and renewable gas projects currently under development in Albania and the Mediterranean region.
The agreement, as Enagás’ CEO explained, is in line with the company’s strategy of establishing alliances with operators to advance security of supply.
Enagás already has a relationship with AlbGaz thanks to its 16% stake in the Trans Adriatic Pipeline (TAP), which links Turkey to Italy via Greece and Albania.
The agreement between Enagás and AlbGaz was signed after the heads of the Spanish and Albanian gas operators signed a first agreement between the two companies last June.
At that time, the two operators signed a memorandum of understanding to collaborate in the development of gas infrastructures in Albania and contribute to the security of energy supply and the decarbonisation of its economy.
