SET Times: Europe eyes energy from Balkans
Energy insecurity is prompting Europe to seek a solution in the Western Balkans
According to the European Bank for Reconstruction and Development (EBRD), Albania, Bosnia and Herzegovina, Croatia, Macedonia, Kosovo, Montenegro and Serbia "could play a role in improving that security through possible investment in liquefied natural gas (LNG) terminals and new gas pipelines."
"Geographic position, access to the sea and the desire to create stable regulatory policy frameworks are factors that make the Western Balkans an interesting prospect for energy investors," the EBRD noted in early January.
The bank report added that while "years of under-investment, combined with slow progress in reforms, have held back the region from developing its potential" the Balkan states are now being "seen as a potential transit region of gas supplies to the EU, with implications for developing gas infrastructure in the region."
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