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Albania energy report
- Albania is slowly transposing the European acquis.
- National power utility KESh accounts for over half of power generation.
- Bankers Petroleum accounts for over 90% of oil and gas production.
- The power supply is highly dependent on hydropower, which fluctuates a lot.
- Oil production is limited and decreasing.
- Electricity prices are much lower than in the EU, while gasoline and diesel prices are closer to EU prices.
- Energy consumption has been declining since 2017.
- Oil and hydropower dominate the energy mix.
- The country continues to develop its hydropower potential and is also accelerating on solar and wind projects.
- The country will benefit from the TAP gas pipeline.