ERE starts procedure to certify Albagas in the wake of TAP completion
The public-owned company Albgaza pplied to the Energy Regulatory Authority for certification as a combined operator in the market of natural gas.
The move comes a few months following the creation of this public company after a special government decision was made in early December 2016.
The completion of the file with the respective documents defined by the legal framework in force, has prompted ERE to include the Albgas procedure in the agenda of the board meetings, and the issue is expected to be considered on March 2.
After evaluating all necessary documents, ERE is expected to make a final decision on the certification of Albgas.
The company was established as a division of the state oil company Albpetrol, taking over all the segment covering gas.
The initial capital of the company, according to the decision, is 359 million ALL, while the same amount was reduced by Albpetrol’s initial capital.
Completing the market with relevant operators of gas transmission or supply has been an active part of the agenda of the Energy Regulatory Authority in 2016.
This has coincided with the completion of the legal framework at a time when the TAP pipeline has entered the last stages of its construction.
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