Albania is considering plans to build an LNG terminal on its coast. The facility would receive U.S. liquefied natural gas (LNG) by ship, store it and convert it back into gas. Pipelines would then carry the gas to the Balkans and Southeast Europe. Part of the supply could also reach Ukraine, according to the U.S. media outlet National Law Review (NLR).
Infrastructure and Energy Minister Enea Karakaçi said the terminal would give the region more options during periods of high energy demand and possible supply disruptions. He said the project would create a new and more diversified energy supply route. Albania could also serve as a link between the Adriatic and regional energy markets. The infrastructure could potentially support Ukraine as well.
U.S. company Argent LNG announced that it has signed a Memorandum of Understanding (MoU) with the Government of the Republic of Albania.
The company is developing a major LNG export terminal at Port Fourchon in Louisiana. Under the agreement, the two sides will jointly study and assess the feasibility of building a large LNG terminal on the Albanian coast. The terminal would store LNG before converting it from liquid back into gas. The gas would then enter the regional pipeline network.
Argent LNG CEO Jonathan Bass said Albania could play a key role in Southeast Europe. He said the country’s role could extend beyond meeting domestic needs to supporting the energy supply and security of neighboring countries.
Bass described the project as an opportunity to strengthen the region’s energy security and support Ukraine. He said this comes at a time when energy has been used as a tool of pressure against countries in the region.
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