Snam and Albgaz, the Albanian gas infrastructure operator, today signed an agreement in Tirana to create a joint venture with shared control aimed at providing related services for the operation and maintenance of the gas pipelines in Albania. The joint venture will be 75% owned by Albgaz and 25% by Snam.
The signing of the joint venture contract follows the conclusion of an international tender called by Albgaz to select a qualified partner to support the company. It would also facilitate potential future technical collaboration for the development of the Albanian gas market.
The agreement is one of several activities launched by the Snam Global Solutions business unit aimed to leverage Snam’s long-established experience in market development and the construction and management of gas infrastructure in Italy and Europe as well as making it available to other operators at a global level.
Albgaz was created in January 2017 and is responsible for the construction and management of Albanian gas market infrastructure.
Read the article online at: https://www.worldpipelines.com/business-news/11062018/snam-signs-joint-venture-agreement-with-albgaz/