Albania energy report

• Albania is slowly transposing the European acquis, with significant delays in the adoption of new legislation.
• National power utility KESh dominates power generation, while Bankers Petroleum accounts for most of oil and gas production.
• The planned privatisation of national companies KESh and Albpetrol did not progress.
• The power supply is split between hydropower and imports (62% and 32%, respectively, in 2019).
• Oil production is limited and decreasing.
• Electricity prices are 45% below the EU average, while gasoline and diesel prices are close to EU prices.
• Energy consumption has increased at a moderate pace since 2010.
• Oil and hydropower dominate the energy mix.
• Albania continues to develop its hydropower potential, but many infrastructure projects remain in limbo.
• The country will benefit from the TAP gas pipeline.

• Institutions & Energy Policy

  The Ministry of Infrastructures and Energy supervises the energy sector.

  The NationalAgency of Natural Resources (AKBN) is in charge of implementing the energy policy and regulating the hydrocarbon sector and mining activities.

  An Energy Regulatory Entity (ERE), in charge of regulating the energy market and electricity prices, was set up in 1995.

• Energy Companies

  Gas:

  Bankers Petroleum accounts for 96% of gas production (2019).

  Albgaz owns all gas infrastructures (10 km of operational gas pipelines and 500 km of idled ones). The company was spun off from Albpetrol in 2017 to take over Albpetrol's gas activities and was certified as the gas transmission and distribution system operator.

• Energy Supply

  Oil:

  Oil production has fallen by 27% since 2014, from 1.4 Mt to 1 Mt in 2019, due to low international prices that cut investments in the sector. Most of this production is exported (65% in 2019). Production tripled between 2004 and 2014.

• Energy Prices

  Electricity:

  Electricity prices for households have been increasing since 2015 (+4.2%/year) to €10c/kWh in 2020. They remained stable between 2011 and 2014 at around €11.5c/kWh. Residential prices are much lower than the EU average (-56% in 2019).

  Graph: ELECTRICITY PRICES FOR HOUSEHOLDS (€c/kWh)

• Energy Consumption

  Consumption per capita is much lower than the EU average, at approximately 0.8 toe (73% below the EU average), including nearly 2 400 kWh of electricity (57% below the EU average) (2019).

  Total energy consumption has been decreasing slightly since 2017 to 2.3 Mtoe in 2019, after rapid growth between 1995 and 2005 (+5%/year) and slower growth until 2017 (+0.7%/year).

• Issues & Prospects

  Oil:

  Infrastructure projects, such as the construction of the AMBO (Albanian Macedonian Bulgarian Oil) pipeline, have made little progress. ARMO's plans to modernise the two refineries to restore production to the original design capacity and meet current EU regulations for fuels have been delayed due to the company's financial difficulties.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Albania energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019, %)
• GRAPH 5: Gasoline & diesel prices (€/l)
• GRAPH 6: Electricity prices for households (€c/kWh)
• GRAPH 7: Consumption trends by energy source (Mtoe)
• GRAPH 8: Total consumption market share by energy (2019, %)
• GRAPH 9: Final consumption market share by sector (2019, %)

In the Albania energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.