(MENAFN) The Western Balkan Investment Framework (WBIF) has approved a USD1.49 million loan for Albania's gas plan, Xinhua reported.
The loan, along with funds obtained by the state oil company of Azerbaijan SOCAR and Heading Board of the Trans Adriatic Pipeline project, marked a milestone in Albania's gasification.
The gas plan contains a study that will be conducted on evaluation of technical and commercial conditions and needs related to absorptive capacity as well as distribution infrastructure for Albania's gasification.
The plan could also identify priority investment projects deemed necessary to facilitate the gasification. Sources and routes of energy supply diversification and energy security remain primary objective of the Albanian government.
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