Albania

Albania faces moderate energy risks despite 85% oil import dependency, with gasoline at $1.52/L and 60 days of reserves providing a slightly better position than neighbors. Its small domestic oil production offers a marginal buffer, and substantial hydropower capacity significantly insulates the electricity sector from oil market volatility. However, rising global prices and a 45% increase in fertilizer costs still pose economic challenges, meaning continued monitoring of international markets and strategic reserve management will be crucial in the near term.