Albania’s energy and infrastructure ministry has received a proposal from Austria's Ivicom GmbH for the construction of a 500 MW natural gas-fired cogeneration power plant near the southeastern city of Korca, said a message from the ministry.

Trans Adriatic Pipeline (TAP), envisaging transportation of Azerbaijani gas to Europe, is a very important project for Albania and the entire region, said Albanian Minister of Infrastructure and Energy Damian Gjiknuri.

A plenary session, titled "Current and further situation of the Balkan region: basis of regional security or a new geopolitical chessboard", took place within the 6th Global Baku Forum on March 16.

The Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, will turn Italy into one of main energy hubs, said Michele Mario Elia, TAP's country manager for Italy

Being a highly strategic energy project for the European Union, the Trans Adriatic Pipeline (TAP) will secure external funding for the project, Lisa Givert, TAP Head of Communications, told Azernews.

In line with EU regulation (the Trans Adriatic Pipeline (TAP) is an Independent Transmission Operator and complies with the Third Directive), any shipper who wishes to take part in TAP’s open seasons may do so as long as they comply with the requirements for participation, Lisa Givert, TAP Head of Communications, told Azernews commenting on the possibility of other countries joining the project.

Around 70 percent of Trans Adriatic Pipeline (TAP) pipes in Albania, or 150 kilometers out of 215 kilometer-long section of the pipeline in this country has been lowered in, said a message from TAP consortium.

The European Bank for Reconstruction and Development (EBRD) plans to allocate loans worth up to 1.2 billion euros for the Trans-Adriatic Pipeline (TAP) in 2018, Bruno Balvanera, EBRD Director for the Caucasus, Moldova and Belarus, told Reuters.

The Trans Adriatic Pipeline (TAP), organized a ceremony on Feb.12 to mark the start of works for the 1.5-kilometer micro-tunnel, which will connect the east and the west segments of the pipeline in Albania, said a message from TAP AG consortium.

Pipes for construction of the Trans Adriatic Pipeline (TAP) have been welded along more than 80 percent of the pipeline’s route in Greece and Albania, said a message from TAP AG consortium.