Region, Western Balkan countries to form joint energy market

, SEE Energy News

At the regional conference Possibilities of Investments in Renewable Energy Sources in the Western Balkans, the representatives of Bosnia and Herzegovina, Serbia, North Macedonia, Albania and Montenegro have agreed to establish a joint energy market.

Serbian President Aleksandar Vucic said that the countries involved could help each other, especially during the uncertainties of the upcoming winter season. He explained that some countries have surplus electricity in the summer, others in the winter period, some has gas storage capacities, others have good gas interconnections.

Montenegrin Prime Minister Dritan Abazovic said that the countries in the region are focused on the development of renewable energy projects, adding that increased economic activities in the future will increase energy consumption in the region, therefore joint energy projects are in the interest of the entire Western Balkans region.

Albanian Prime Minister Edi Rama said that the countries of the Western Balkan must act jointly on the energy markets to have stronger partnerships with the private sector and better access to the financial markets.