US LNG Supply Deal and Vlorë Energy Hub Development in Albania

planned

Greek infrastructure and energy group AKTOR has signed a 20-year, $6 billion agreement to supply U.S. liquefied natural gas (LNG) to Albania, with deliveries expected to begin in 2030. The LNG will initially be routed through Greece's Revythousa LNG terminal and transported via the national gas grid and the Trans Adriatic Pipeline. The deal is linked to Albanian government plans to develop an energy hub in the Adriatic port city of Vlorë, including reviving a thermal power plant, adding 250 MW of new generation capacity, installing a floating storage and regasification unit (FSRU), and constructing a new pipeline linking Fier to Vlorë. AKTOR ENERGY will design and build a 380 MW power generation unit as part of the Vlorë development.