Regulation No. 590 date 9.10.2018 approving the model of the natural gas sector market. Country/Territory Albania Document type Regulation Date 2018 Source FAO, FAOLEX Original source Official Gazette No. 147/2018 page 9754 Subject Energy Keyword Authorization/permit Natural gas Policy/planning Procedural matters Renewable energy Inspection Institution Internal trade Contract/agreement Business/industry/corporations Geographical area Europe, Europe and Central Asia, Mediterranean, Southern Europe Entry into force notes Enters into force after its publication in the Official Gazette. Abstract Regulation 590 of 2018 approves the natural gas market model. The model defines general requirements for the organization and functioning of the natural gas sector and the relationships between various subjects in it. The model is characterized as a wholesale market, based on bilateral transactions and contracts signed over the counter between market representatives or as a market organized a day in advance and in the same day through the Albanian stock market. The Energy Regulatory Entity is responsible for approve measures to guarantee transparency and supply security. The regulation is composed of the following sections: I- General Provisions, II- Purpose and objectives of the natural gas market model, III- Organizations and roles of the natural gas market model, and IV- Final Provisions and market model implementation. The Ministry of Infrastructure and the Energy Regulatory Entity should carry out continuous monitoring and assessment of the applied model to ensure compliance with this regulation. Full text Albanian Website ligjet.org References - Legislation Implements Law No. 102/2015 on the natural gas sector. Legislation | Albania | 2015 Keyword: Natural gas, Energy conservation/energy production, Transport/storage, Legal proceedings/administrative proceedings, Authorization/permit, Internal trade Source: FAO, FAOLEX