On 3 March, TAP hosted the 43rd Industry Advisory Panel (IAP) of the Energy Charter in Tirana, Albania. The event brought together several high-level representatives, including Ilir Bejtja, Albanian Deputy Minister for Energy and Vice Chair of the Energy Charter Conference, Dr. Urban Rusnák, Energy Charter Secretary General, as well as several energy companies, associations, international organisations, and the members of diplomatic corps based in Albania.
Discussions focused on the transition to a low-carbon energy system and the role of the Energy Charter Treaty, the future role of energy infrastructure, as well as strategies and market rules for a climate-neutral energy sector. Participants talked at length about diversification of energy supplies in Europe, support for public financial institutions for the development of the energy market in Albania, strategies for carbon neutrality and risk management and prospects and challenges for gas infrastructure.
Luca Schieppati, TAP Managing Director, highlighted TAP's benefits for the South-Eastern Europe (SEE) and the significant role that natural gas infrastructure can play in achieving a carbon-neutral energy sector. He underlined that the natural gas provided and facilitated by TAP can support decarbonisation in SEE, where the energy sector is overly reliant on the use of heavy fossil fuels for power generation. Renewables and natural gas are the perfect partners, given the intermittent nature of solar or wind energy, he added.
The first part of the IAP meeting was dedicated to internal procedures, the Energy Investment Risk Assessment (EIRA) and future developments in the IAP.
The Industry Advisory Panel is the expert consultative body to the Energy Charter Conference, providing policy advice from energy companies, international business associations and financial institutions on energy investment and the functioning of energy markets. The Panel includes members from all sectors of the energy industry and from a wide range of member and observer countries to the Energy Charter Treaty.
Read the article online at: https://www.worldpipelines.com/business-news/10032020/tap-hosts-meeting-of-the-energy-charter-iap/