2026-09-30 19:22:47Biznes SHKRUAR NGA REDAKSIA VOX

When the Democratic Party government signed the agreement with the Trans-Adriatic Pipeline, a clause was included in the contract according to which Albania would automatically benefit from any benefits that Greece and Italy, the other two countries through which the pipeline passed, would receive.

A few years after the construction of the pipeline was completed, the Greek government of Tsipras renegotiated the agreement with TAP and as a result managed to take over the management of the pipeline operations in its territory, through the public company DEPA.

The same benefit automatically accrued to Albania. Because Albania did not have a company with the expertise to manage the pipeline operations, the Albanian government turned to the Italian company SNAM for assistance. As a result, in late 2018, the Albanian Gas Service Company was founded, as a partnership between the Albanian state and SNAM.

Albania owns 75 percent of the shares in Albanian Gas Service, through the company Albgaz. The remaining 25 percent is owned by the Italian partner SNAM.

Albanian Gas Service Company collects around 3.5 million euros in revenue per year from the services it provides for the management of TAP. From this money, it earns an average of 1 million euros per year.

All this profit is distributed as dividends to partners according to the proportion of shares. Official data from the balance sheet shows that in the period 2020-2025, Albgaz has received about 4.5 million euros in dividends from the profits of Albanian Gas Service. But the money evaporates into militant salaries.

The Albgaz parasite

Albgaz Company was founded in January 2017 as a company with 100 percent state capital, whose shares are owned by the Ministry of Infrastructure and Energy.

The purpose of this company is to function as a combined operator, which will carry out both the transmission and distribution of gas in the Albanian territory. But since there is no gas in Albania, Albgazi simply eats the money that Albania benefits from the TAP pipeline for the salaries of idle militants.

Like most state-owned companies, Albgaz is a dark bunker with no transparency. The last balance sheet the company filed with the National Business Center dates back to 2022. But a budget monitoring report reveals what is happening financially in this company.

According to data from the Ministry of Finance, in 2025, Albgaz had 61.3 million lek in revenue and 151 million lek in expenses. As a result, the company suffered a loss of 89.6 million lek, or about 980 thousand euros.

For 2024, the loss was even greater, exactly 103 million lekë or over 1.1 million euros at the current exchange rate. The vast majority of this money goes to salaries because Albgaz has practically no activity.

Renaissance Inn

But who are the beneficiaries of this money? Currently, Albgaz is managed by Amarda Kapaj. The members of the board of directors of this company are Besjan Kadiu, Edona Bilali, Sindi Dushku, Rezarta Kokonozi, etc. Previously, there were Erlis Hereni, Laureta Omeri, Arbër Avrami and many others. All of them have one thing in common. They are devout renaissance people, close to the Ministry of Infrastructure.

In addition to the fees for the executives and the board, Albgaz also employs a considerable number of employees, suspected to be over 100. These, like their executives, have the same political affiliation.

But Albgaz is a phenomenon. The same scheme operates in Albpetrol. So, Albanian citizens should receive benefits from TAP, but the money goes to militant salaries. They should receive benefits from their oil in Patos Marinza, but Albpetrol eats the money in tenders and militant salaries.

At this point, citizens can only applaud the government's major reforms./ Kapitali.al



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