Energy Crisis

Albania, North Macedonia, Serbia to set up working group for energy cooperation

Albania, North Macedonia, Serbia to set up joint working group for energy cooperation mihajlovic baluku bekteshi

Phto: Bellinda Baluku/Facebook

Published

July 27, 2022

Comments

0

Share

Published:

July 27, 2022

Comments:

0

Share

Albania, North Macedonia and Serbia will establish a working group on the energy crisis and joint strategic projects. It is tasked with preparing proposals for joint investments in renewable energy and the integration of the electricity and gas markets.

At the latest meeting within the Open Balkan initiative, energy ministers of Albania and North Macedonia accepted Serbia’s proposal to launch a working group on the energy crisis and joint strategic projects, the Government of Serbia said.

Belinda Balluku, Albania’s Minister of Infrastructure and Energy, Kreshnik Bekteshi, North Macedonia’s Minister of Economy, and Zorana Mihajlović, Serbia’s Deputy Prime Minister and Minister of Mining and Energy, reached the agreement in Tirana.

Mihajlović stressed the working group would not only deal with the energy issues for the upcoming winter, but also with potential cooperation on strategic projects to increase energy security in the entire region. The panel will be established next week, she said.

The three countries need baseload power, market integration, and joint balancing of renewables

The idea is to present proposals for joint investments to the presidents and prime ministers of the three countries, including solar power plants, wind farms, joint balancing of renewables, market integration, gas interconnections, and maybe even underground gas storage, said Mihajlović.

She underscored there is no reason not to discuss market integration and joint balancing and added that all the countries in the region require them.

Albania is quite dependent on renewable energy sources, so when output in the sector drops, the country needs baseload power, which is important also for Serbia and North Macedonia, Mihajlović argued.

Serbia is interested in connecting to Albania’s planned liquefied natural gas (LNG) terminal as well as in the development of high-voltage electricity interconnections in the region, she added.

Bekteshi: We will sign a memorandum for a gas pipeline with Serbia

Kreshnik Bekteshi, the Minister of Economy of North Macedonia, said his country would sign a memorandum of understanding with Serbia on the construction of a gas interconnection.

The proposed gas pipeline with Serbia is important because the government’s strategic commitment is to improve the energy system and infrastructural and economic ties with neighbors and European Union member stated, said Bekteshi.

North Macedonia has also formed a working group for a gas interconnection with Albania.

Of note, the currently has only one gas interconnection with Bulgaria, but it also plans to build links with Greece, Kosovo*, and another one with Bulgaria.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

SEEPEX chief Power prices Southeastern Europe EUR 500 MWh fourth quarter

SEEPEX chief: Power prices in Southeastern Europe reach EUR 500 per MWh for fourth quarter

11 August 2022 - Futures for settlement in the fourth quarter indicate an electricity price in Southeastern Europe of EUR 500 per MWh, chief of SEEPEX Miloš Mladenović said

Drought-lowers-hydropower-plant-output-Serbia-Europe

Drought lowers hydropower plant output in Serbia, Europe

10 August 2022 - The water flow in Serbia's hydropower system dropped by a half, increasing the need for electricity imports, but the situation is similar across Europe

Norway power export controls drought hydropower reservoirs

Norway to impose power export controls

09 August 2022 - Norway is preparing a framework for limiting electricity exports at times when the levels of water in hydropower accumulations are low

EU supports Serbia loans grant power interconnections smart metering

EU supports Serbia with loans, grant for power interconnections, smart metering

08 August 2022 - Serbia is getting a grant of EUR 17 million for power interconnections and a smart metering project. They are worth EUR 81 million in total and financed with loans.