$6 Billion LNG Agreement to Enhance Albania's Energy Independence
Albania has secured a $6 billion LNG supply deal with the U.S. and Greece, ensuring energy supply for 20 years. This investment aims to diversify energy sources and enhance energy sovereignty, positioning Albania as a regional energy hub.
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Albania's $6 billion agreement with the U.S. and Greece guarantees liquefied natural gas (LNG) supply for 20 years. The deal includes the construction of a pipeline connecting Vlora and Fier, facilitating integration into the regional energy network and enhancing the Vlora Energy Hub's role in gas export through the Trans Adriatic Pipeline (TAP).
The Vlora Thermal Power Plant (TPP) will transition from oil to gas, contributing to energy diversification and stability. This initiative is expected to increase investment flows and bolster Albania's capabilities in powering data centers and AI initiatives, impacting the country's energy landscape significantly.
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