Climate change is already occurring and early action to manage the risks that changing climate trends pose to existing energy infrastructure in Albania may reduce vulnerability and increase the resilience of the sector as it moves forward, according to the World Bank. In the coming decades, Albania is facing the …

Croatia’s state-owned gas operator, Plinacro, has said it will invest heavily in 2009 to broaden its network and storage facilities. A four-year investment cycle is envisaged with 190 million euros being secured through the European Investment Bank.

KIEV, March 11  – Ukraine has asked Russia for a $5 billion loan to pay for natural gas deliveries, Ukraine’s acting finance minister said on Wednesday. “This loan will be used to buy gas,” Ihor Umanskiy said. He added that Ukraine was looking at options to borrow from other sources, …