By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Establishment of an Agency for Oil Reserves at the level of BiH to be made soon
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > OUR FINDINGS > OTHER NEWS > Establishment of an Agency for Oil Reserves at the level of BiH to be made soon
OTHER NEWS

Establishment of an Agency for Oil Reserves at the level of BiH to be made soon

Published February 28, 2015
Share
SHARE

bh_gasDirector of the Energy Community Secretariat from Vienna Janez Kopač warned today that BiH is falling behind in fulfilling international commitments in the energy sector, and he called the competent authorities in BiH to be more engaged in activities of regulating this area at the state level.

Kopač addressed BiH MPs in Sarajevo – members of the Committee on Transport and Communications of the House of Representatives and the Committee on Foreign Trade Policy, Customs, Transport and Communications of the House of Peoples of the BiH Parliamentary Assembly (BiH PA) and presented current activities of the Energy Community, with the focus on implementation of contractual commitments that BiH took over as member country of this Community.

”BiH is not only falling behind in fulfilling international commitments, but it is also falling behind other countries in the region in reforms concerning the energy sector,” emphasized Kopač, assessing the biggest problem in BiH is in the gas sector.

He warned that BiH still does not have a law on gas at the state level, and that taking over directives and standards of the European Union (EU) in area of energy requires establishment of an agency for oil reserves at the level of BiH, a regulator for electricity market (which already exists), and for gas sector, and adoption of an action plan for renewable energy sources and an action plan for energy efficiency at the level of BiH.

He assessed that in that regard it is necessary to commence appropriate reforms for the well-being of citizens of BiH.

He added that entities of BiH have relatively good action plans and that they need to be synthesized at the level of BiH, adding there is no political will to regulate those issues in a way that membership in the Energy Community implies, “which is ‘a foyer’ for the accession negotiations and which is opening a chapter on energy sector with the EU”.

Asked about different aspects and strategic directions within the energy sector, Kopač said that if this area is regulated at the state level of BiH, EU funds could be granted for those purposes, and he gave an example of possibility of receiving funds for construction of gas line from Bosanski Brod to Zenica.

Asked about benefits BiH would have if it would regulate gas at the state level, and stories about the so called “South Stream”, Director of the Energy Community Secretariat from Vienna said that any thought about the south stream is a complete illusion and self-deception.

According to him, adopting a regulative at the state level for area of gas would result in many advantages for consumers, including the so called “third party approach”, that is, establishing competition and introducing other suppliers, which would most likely result in reduction of gas price, given that BiH is paying the highest price of gas in Europe.

Kopač said that Russian “Gazprom”, which has relatively high prices, is not the only one responsible for that, but it is caused by paying the transport through Hungary.

President of the Transport and Communications Committee of the House of Representatives of BiH PA Momčilo Novaković stated it is a regular annual presentation of activities implemented within the Energy Community, reminding that BiH is a member and that Secretariat of this community is providing legal and technical assistance to BiH.

He added the presentation shows what has not been done and what BiH needs to do in the upcoming period, assessing there are areas in which our country has made progress, but he agreed with Kopač that progress has not been made in the gas sector.

”It is realistic to expect progress to be made in this area, if everything that BiH leaders signed is executed (Statement of the BiH Presidency),” said Novaković.

As BiH signed the Energy Community Agreement, it has the obligation to develop an appropriate framework and liberalize its energy markets by implementing the main EU laws on energy within a certain deadline.

Energy Community is the international organization which deals with energy policy.

Mission of the Energy Community is to expand internal energy market of the EU to South East Europe and beyond, based on a legally binding framework.

 

(Source: vijesti)

How is Christmas congratulated in European Countries? (interactive map)

Princess of Thailand visited the Historical Museum of BiH

Bosnia and Herzegovina declares Pandemic in one Part of its Territory

Plenum of Citizens of Mostar Held

Great Material Damage after Floods in Sarajevo Old Town

Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Formation of new Government on Sunday?
Next Article Enjoy Saturday night with Kultur Shock band!
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2kFollowersLike
10.1kFollowersFollow
414FollowersFollow

Latest News

A Heartbreaking War Photo from Sarajevo in 1992
April 2, 2026
A Bosnian builds a complete Engine in a Mercedes by Hand
April 2, 2026
More than 40 Percent of Warrants in BiH do not have a Photo
April 2, 2026
Young People in Tesanj want to show with successful Businesses and Hobbies that it is worth staying in BiH
April 2, 2026
The U.S. Media praises the Bosnian Refugee: He has his own Company and decided to help his City
April 2, 2026
Despite Abundant Natural Resources, Water Imports Cost 32 Million BAM in Just Two Months
April 2, 2026
Analytical Camera and Radar System Expand on Roads in Sarajevo Canton
April 2, 2026
BiH Presidency and Representatives of the AAFS Company discuss the Southern Interconnection
April 2, 2026
Emergency Meeting of the ITA over the Border Crossing in Gradiska
April 2, 2026
Embassy of Algeria in BiH Congratulates BiH Footballers on World Cup Qualification
April 2, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?